T. Rowe Price Group
's first quarter results contain a milestone for the Baltimore firm: its assets under management have reached a record level of $419 billion, according to its covered
in the Wall Street Journal
, in which analysts said they expected to see earnings of $0.59 on net revenue of $574 million.
The firm also reported record net cash inflows of $10.3 billion in the first quarter of 2010. Of note, $2.4 billion of the net inflows originated in T. Rowe's target-date retirement investment portfolios.
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