Letter from Jay Bowen Regarding the Death of Harold Bowen

Jay Bowen requested that the below letter be disseminated to active and retired plan members:

TO: Tampa Fire and Police Pension Plan Board of Trustees, Active & Retired Participants

FROM: Jay Bowen

DATE: January 8, 2018

SUBJECT: Harold J. Bowen, Jr. RIP

It is with great sadness that I touch base to inform you of the passing of Harold J. Bowen,Jr., the founder and Chairman Emeritus of Bowen, Hanes and Company, Inc.

My father forged the relationship with your Fund in 1974, when the plan had assets of $12 million. He was a true innovator in the field of public pension fund management; and the high-quality, long-term approach that he embraced and implemented laid the groundwork for your Fund to prosper and become the most successful plan in the annals of public fund management.

He built his professional career around your Fund and had enormous respect and admiration for both the active and retiree participants and the willingness of the Board to "go against the grain" and be unconventional with a single-manager approach.

His investment approach has now been time tested with your Fund for 43 years; and the money management principles that he advocated and embraced will continue to endure and be utilized to your Fund's benefit, hopefully for another 43 years.

Of course, none of this would have happened without the incredible dedication of the Trustees, particularly their willingness to embrace what is now known as the "Tampa model." Without their heroic efforts and support for over four decades, yours would not be the $2 billion Fund it is today.


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