Predicted to enable protein serine/threonine phosphatase activity. Predicted to be involved in signal transduction. Predicted to be located in several cellular components, including intercellular bridge; mitotic spindle; and nucleoplasm. Predicted to be active in cytoplasm and intracellular membrane-bounded organelle. Is expressed in cerebellum; hippocampus; liver; and retina outer nuclear layer. Orthologous to human PHLPP2 (PH domain and leucine rich repeat protein phosphatase 2). [provided by Alliance of Genome Resources, Apr 2022]