The $1 billion Retirement Fund terminated its relationship with SMID Growth Manager, TimesSquare, recently released minutes from the May meeting show.
TimesSquare managed nearly $30 million as of March 31, 2022.
The Retirement Fund’s consultant, Asset Consulting Group, cites underperformance and personnel changes as a rationale for the termination. Tony Rosenthal, a founding partner and co-portfolio manager of the Small-Mid Growth and Small Cap Growth strategies, recently announced his upcoming retirement.
OkMRF and ACG will review potential replacement managers.
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