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Rating:As Baltimore Reels, Many Fundsters Will Work Remotely Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 28, 2015

As Baltimore Reels, Many Fundsters Will Work Remotely

News summary by MFWire's editors

The city of Baltimore is reeling from massive rioting downtown and the governor of Maryland has called out the National Guard. At least two mutual fund firms were among the downtown employers who closed early yesterday.

WBALTV11 reports that publicly-traded fund firms T. Rowe Price [profile] and Legg Mason [profile], both headquartered in the Maryland city's downtown, closed their offices early yesterday.

T. Rowe spokesman Brian Lewbart confirmed to the Baltimore Sun that the fund firm would keep its headquarters closed today, while in the meantime shifting workers to other offices or to working from home. The Baltimore Business Journal notes that 1,262 work at T. Rowe's downtown Baltimore headquarters.

Legg spokeswoman Mary Athridge told the Sun that the firm would make a decision this morning on reopening its headquarters today or not.

The Baltimore Orioles home baseball game against the White Sox was postponed yesterday due to the rioting. Other downtown Baltimore employers that reportedly sent employees home early and/or closed down include: the University of Maryland, Baltimore; BGE; Constellation Energy; the Enoch Pratt Free Library System; the National Aquarium; the Maryland Institute College; the water taxis; the University of Baltimore; the Charles Theater, the Lillian Jones Recreation Center; the Robert C. Marshall Recreation Center; at least three CVS drugstores; a host of restaurants; and more.

"WBAL-TV 11 News reporter Karen Campbell said hotels in the area of Oriole Park at Camden Yards have locked their revolving doors," WBALTV11 reports. 

Edited by: Neil Anderson, Managing Editor

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