Hints and tips:
...T Rowe Price is changing chief executive, with Rob Sharps promoted to replace the retiring Bill Stromberg at the helm of a $1.6tn asset manager that has consistently delivered strong returns for clients....
...Bill Stromberg, T Rowe chief executive, told the Financial Times that the acquisition was the Baltimore-based group’s largest dollar deal to date....
...The economic damage wrought by the pandemic on Latin America’s economies, as evidenced by their weakening currencies, looks to be deeper than first thought, reports LatAm editor Michael Stott....
...Michael Hintze warns on China’s Covid strategy Last week I caught up with Sir Michael Hintze, founder of $21.6bn London-based hedge fund CQS....
...Read the full report from me and US investment editor Michael Mackenzie here. So what does this transaction tell us about the state of the asset management industry?...
...Job moves Bill Stromberg is retiring as chief executive of T Rowe Price after 35 years. He is set to be replaced by Rob Sharps, who is currently chief investment officer....
...Michael Doran will join the structured capital markets practice from White & Case. Nick O’Grady and Bevis Metcalfe will join the banking and finance practice....
...• PGIM, the $1tn investment arm of Prudential Financial, the US insurer, has hired Gary Stromberg as a high-yield credit analyst....
...Bill Stromberg, head of equities at T.Rowe Price, says, based on that fact, equities are “ripe for gains from here”....
...T Rowe Price’s head of equity, Bill Stromberg, told investors last week that while the world was “very bearish” on Europe, companies had been cutting costs to put themselves in a good position to outperform...
...Despite a hostile political climate, Mr Strömberg strikes a positive note....
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