Newsmakers
Ben Riley Promoted to Head of Insurance at T. Rowe Price
Riley’s appointment to the newly created role is effective January 1.
Tag: T. Rowe Price
Newsmakers
Church Commissioners for England Appoints Poppy Allonby as Endowment CIO
Allonby’s appointment as investment chief of the $12.74 billion fund is effective September.
Corporate Moves
T. Rowe Price Promotes Eric Veiel to Head of Global Investments
The current head of global equity will take over the role for CEO Rob Sharps at the start of the new year.
Regulation
Pensions, Asset Managers Broadly Support Tick-Size, Access Fee Updates
The SEC proposed reducing exchange access fees and pricing increments for tick-constrained symbols in December 2022.
Asset Allocation
T. Rowe: Conventional Wisdom on ’23 Market Is a Crock
Growth stocks rebound, banks are vulnerable, consumer staples rule—all those shibboleths are so last year, the firm’s CIO, John Linehan, says.
Newsmakers
Maryland to Launch Retirement Program in Summer 2022
MarylandSaves is the first state-sponsored automatic plan to provide income during retirement.
Risk
Coca-Cola Bottlers Association Faces ERISA Lawsuit
Plaintiffs allege missteps by 401(k) plan fiduciaries cost participants millions of dollars in retirement savings.
Asset Allocation
T. Rowe Study: Rebalancing Even in a Market Fall Is Vital
Sticking with a plan to regularly overhaul asset allocation is always a good idea, says the money manager.
News
The Next Buzzy Stocks Are … Utilities
T. Rowe Price says plodding sector is perking up, thanks to renewables.
Risks Increasing to Bull Market
Global economic forecasts offer somber, even gloomy, outlook for 2019.