T. Rowe Price Associates
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T. Rowe Price Retirement Plan Services hires marketing head
trueDiana Awed was named head of retirement product and marketing at T. Rowe Price Retirement Plan Services.
New CEO to take reins at T. Rowe Price
trueWilliam J. Stromberg was named president and CEO of T. Rowe Price Group, effective Jan. 1.
T. Rowe Price's AUM up 3.5% on strong target-date fund growth
trueT. Rowe Price Group reported $772.7 billion in assets under management as of March 31, up 3.5% from three months earlier and up 8.6% from a year earlier.
T. Rowe pushing against passive headwinds
trueT. Rowe Price Group Inc. has suffered heavy outflows and client terminations during the past two years from asset owners reducing their U.S. equity exposure and/or seeking passive strategies.
T. Rowe Price's head of fixed income joins Capital Group
trueMichael Gitlin was named partner and head of fixed income at Capital Group, effective this spring.
Fermi Research Alliance picks Fidelity as sole record keeper in DC revamp
trueFermi Research Alliance, hired Fidelity Investments as sole record keeper and is overhauling the investment lineup of its defined contribution plans, effective Feb. 2.
T. Rowe Price's AUM dips 1% in last 3 months
trueT. Rowe Price Group on Thursday reported $731.2 billion in assets under management as of Sept. 30, down 1% from three months earlier but up 13% from a year earlier.
T. Rowe Price closes capital appreciation strategy to new investors
trueT. Rowe Price is closing its U.S. capital appreciation strategy to new investors.
T. Rowe Price CIO to step down as manager of $30 billion equity fund next year
trueBrian C. Rogers plans to step down as portfolio manager of T. Rowe Price's $30 billion Equity Income Fund, the firm's second-largest mutual fund, in October 2015.
T. Rowe Price appoints head of Asia-Pacific institutional sales
trueScott Keller will join T. Rowe Price in Singapore as head of global investment services, Asia-Pacific.
T. Rowe Price AUM climbs 2.7% for quarter
trueT. Rowe Price Group on Thursday reported a record $711.4 billion in assets under management as of March 31, up 2.7% from the end of the fourth quarter and up 15% from a year earlier.
T. Rowe Price stable value fund available to all investors again
trueT. Rowe Price reopened its stable value fund to all investors.
Ohio Public Employees Deferred Compensation adds T. Rowe Price equity option
trueOhio Public Employees Deferred Compensation Program, Columbus, hired T. Rowe Price Group to run an active domestic large-cap growth equity separate account.
King County 457 plan retains T. Rowe Price as administrator
trueKing County Deferred Compensation Plan, Seattle, rehired T. Rowe Price Group as third-party administrator.
DC plans are slowly increasing their default rates
trueService providers and defined contribution consultants say DC plans are slowly — albeit too slowly — chipping away at the traditional 3% default rate for automatic enrollment.