Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:T. Rowe's Rogers Quits a $30B Job But Continues Chairing Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, June 04, 2014

T. Rowe's Rogers Quits a $30B Job But Continues Chairing

News summary by MFWire's editors

The guard continues to change.

Whether it's another senior fund firm exec taking off one hat and keeping another, or more portfolio manager changes at T. Rowe Price, another one is coming your way.

Bloombergand a heap of other industry publications reported that Brian Rogers, chairman and chief investment officer at T. Rowe Price, is quitting managing the firm's second largest fund, the T. Rowe Price Equity Income Fund (PRFDX), while retaining his other posts.

Rogers, who had been with the firm since 1982 and has managed the now $30 billion fund for about thirty years using a value strategy, has had a tough time beating his peers in the recent market upswing.

He has previously shared his views on the tough environment for value stock pickers during the equity bull market and articles covering his move hint that this may have been behind his decision to cede portfolio management duties.

John Linehan, head of U.S. equity for T. Rowe and a PM on some of the firm's institutional funds, will take over portfolio management duties for this fund. It performed in the top third over the past 15 years, according to Morningstar.

The firm has recently and unexpectedly lost three high profile portfolio managers, but in this case advisors and investors can't complain that they didn't get a heads up, as the announcement was issued over a year before Rogers will actually step down from the fund: in October, 2015. 

Edited by: Anastasia Donde


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
40 Wall Street | 28th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use