The team at a 51-year-old, $2.1-billion-AUM (as of June 30, 2024), 24-employee, small- and mid-cap value equity fund firm are mourning the last of their founders.

The late Ronald Harward "Ron" McGlynn 1943 - 2024

Ron McGlynn, co-founder of Cramer Rosenthal McGlynn (CRM [profile]), died at his Long Island home in Garden City, New York on Tuesday, August 13. He was 81 years old.

Ronald Harward McGlynn was born in Brooklyn on March 20, 1943. A Williams College and Columbia Business School graduate, he later worked at Chase Manhattan Bank, Standard & Poor's InterCapital, and Oppenheimer & Co.

In 1973, McGlynn teamed up with the late Ed Rosenthal and Gerry Gramer to launch their eponymous value equity fund firm in New York City. Over the next 51 years, McGlynn served in roles that included chairman, CEO, and president. In 2019, CRM became an independent firm once again when its employees bought the firm back from Wilmington Trust.

Outside work, McGlynn served as president of the Garden City Golf Club, Johns Island Club, and the Garden City Casino. He also served on the boards of the Garden City Men's Association, Indian River Community Foundation, Lawrence Beach Club, Vero Beach Museum of Art (McGlynn divided his time between Vero Beach, Florida and Garden City), and Winthrop University Hospital. He is survived by his wife of 57 years, their two children, and seven grandchildren.

In a tribute, CRM team members write that McGlynn "had an indelible impact on all who worked with him and was a leader and mentor to so many, in both his career and personal life."

"He represented CRM in such a magnificent way and upheld its core values of integrity, excellence, teamwork, accountability, and community," CRM team members write. "Above all, he treasured the importance of family will be remembered as a loving father, grandfather, and colleague."

"His legacy will live on through his children, grandchildren, and all of us at CRM. Ron will be sorely missed but will forever remain in our hearts."

A service will be held at 3pm eastern this afternoon at Garden City Community Church, to be followed at a later date by a celebration of life in Vero Beach. In lieu of flowers, the family is directing donations to the Indian River Community Foundation and to Council 1869. 

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