T. Rowe Price

The Chertoff Group grows cadre of Senior Advisors with Geopolitical Risk and Corporate Security Expertise

Retrieved on: 
Thursday, March 7, 2024

WASHINGTON, D.C., March 07, 2024 (GLOBE NEWSWIRE) -- The Chertoff Group , a global security risk management and growth advisory firm, is pleased to announce the addition of two distinguished senior advisors to its team.

Key Points: 
  • WASHINGTON, D.C., March 07, 2024 (GLOBE NEWSWIRE) -- The Chertoff Group , a global security risk management and growth advisory firm, is pleased to announce the addition of two distinguished senior advisors to its team.
  • “We are pleased to welcome Ted and Bill to The Chertoff Group.
  • At The Chertoff Group he will engage with Security Risk & Resilience clients.
  • The Chertoff Group enjoys an outstanding global reputation of professionalism and integrity within the security space.

The New America High Income Fund, Inc. Declares Dividend

Retrieved on: 
Friday, March 1, 2024

The New America High Income Fund, Inc. is a diversified, closed-end management investment company with a leveraged capital structure.

Key Points: 
  • The New America High Income Fund, Inc. is a diversified, closed-end management investment company with a leveraged capital structure.
  • Rowe Price”).
  • As of December 31, 2023, T. Rowe Price and its affiliates managed approximately $1.4 trillion of assets, including approximately $20 billion of “high yield” investments.
  • T. Rowe Price has provided investment advisory services to investment companies since 1937.

KBRA Assigns Rating to T. Rowe Price OHA Select Private Credit Fund's $300 Million Notes due 2029

Retrieved on: 
Thursday, March 7, 2024

KBRA assigns a rating of BBB to T. Rowe Price OHA Select Private Credit Fund's (“OCREDIT” or “the company”) $300 million 7.77% senior unsecured notes due March 7, 2029.

Key Points: 
  • KBRA assigns a rating of BBB to T. Rowe Price OHA Select Private Credit Fund's (“OCREDIT” or “the company”) $300 million 7.77% senior unsecured notes due March 7, 2029.
  • The rating and Outlook are supported by T. Rowe Price OHA Select Private Credit Fund’s ties to Oak Hill Advisors, L.P.’s (“OHA”) $63 billion of Assets Under Management, which includes the $28 billion private credit platform that has obtained SEC exemptive relief to co-invest with OHA affiliates.
  • T. Rowe Price Group, Inc. (NASDAQ: TROW), the parent company of OHA (acquired in 2021), is a global asset manager with approximately $1.45 trillion in AUM.
  • OHA has a strong reputation as a trusted, value-added financing partner which has been cultivated over decades with companies and private equity sponsors (~150).

T. ROWE PRICE LAUNCHES INVESTMENT FOCUSED PODCAST, "THE ANGLE"

Retrieved on: 
Wednesday, March 6, 2024

BALTIMORE, March 6, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm, has launched "The Angle," a podcast focused on timely topics shaping financial markets. The inaugural season, "The Blue Economy—Making Waves" premiered on February 5th and explores how innovations in financing can help create a more protected and sustainable global water economy.

Key Points: 
  • New podcast highlights perspectives from T. Rowe Price Global Investment Experts, Inaugural Season To Focus On The 'Blue Economy'
    BALTIMORE, March 6, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm, has launched "The Angle," a podcast focused on timely topics shaping financial markets.
  • The first season is hosted by Nick Trueman, T. Rowe Price's head of Distribution in Europe, and it features perspectives from the firm's global investment team.
  • "I am delighted to be hosting the first season of 'The Angle,' and I'm especially excited to explore the blue economy with my T. Rowe Price colleagues from Fixed Income," said Trueman.
  • CONFIDENT CONVERSATIONS® on Retirement ," which features T. Rowe Price experts sharing their perspectives on retirement-related topics, launched its third season in November 2023.

T. ROWE PRICE LAUNCHES NEW AND INNOVATIVE RETIREMENT INCOME TOOL TO HELP OPTIMIZE SOCIAL SECURITY BENEFITS

Retrieved on: 
Tuesday, March 5, 2024

BALTIMORE, March 5, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, today announced the launch of Social Security Optimizer, a tool designed to help individual investors and plan participants maximize Social Security benefits given their expected lifespan. The new tool is an early example of how T. Rowe Price is harnessing powerful tools acquired through the 2023 purchase of Retiree Inc., along with the firm's decades of experience as a retirement leader, to deliver personalized retirement strategies for individuals. This reflects the firm's broader commitment to innovation that helps retirees make the most of retirement income.

Key Points: 
  • BALTIMORE, March 5, 2024 /PRNewswire/ -- T. Rowe Price, a global investment management firm and a leader in retirement, today announced the launch of Social Security Optimizer, a tool designed to help individual investors and plan participants maximize Social Security benefits given their expected lifespan.
  • The Social Security Optimizer also pairs broader education and resources to help individual investors and plan participants make more informed decisions.
  • By using this personalized data and rethinking how you claim your Social Security benefits, individuals could maximize their lifetime benefits," said Bill Meyer, head of Retiree Inc. at T. Rowe Price.
  • "As a leader in retirement, we are excited to continue to expand our offerings and leverage Retiree Inc.'s powerful technology to help individuals optimize their income in retirement."

PCS RETIREMENT ANNOUNCES INVESTMENT FROM LEE EQUITY PARTNERS AND NAMES SCOTT DAVID AS CEO

Retrieved on: 
Monday, March 4, 2024

PHILADELPHIA, March 4, 2024 /PRNewswire/ -- PCS Retirement ("PCS" or "the Company"), a leading retirement plan recordkeeper focused on the ERISA and Non-ERISA markets, today announced it received a majority investment from funds managed by Lee Equity Partners, LLC ("Lee Equity"), a growth oriented middle market private equity firm. As part of the transaction, LLR Partners will exit its investment in PCS. Scott David will join as CEO. Terms of the transaction were not disclosed. Founder, CEO, and industry veteran Mark Klein will be stepping away from day-to-day operations of PCS Retirement and will remain a valuable member of the Board of Directors.

Key Points: 
  • PHILADELPHIA, March 4, 2024 /PRNewswire/ -- PCS Retirement ("PCS" or "the Company"), a leading retirement plan recordkeeper focused on the ERISA and Non-ERISA markets, today announced it received a majority investment from funds managed by Lee Equity Partners, LLC ("Lee Equity"), a growth oriented middle market private equity firm.
  • Founded in 2001, PCS Retirement delivers high-quality retirement plans to business owners, school districts, municipalities, not-for-profits, and individuals.
  • "We are very appreciative of LLR's partnership and are excited to welcome Lee Equity as our financial sponsor and Scott David as CEO.
  • "PCS Retirement is a leading retirement platform with a unique go-to-market strategy and track record of innovation," said Danny Rodriguez, Partner at Lee Equity.

Clearwater Analytics Selected by T. Rowe Price to Power Stable Value Investment Operations

Retrieved on: 
Thursday, February 29, 2024

BOISE, Idaho, Feb. 29, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced its Clearwater for Stable Value solution has been selected by T. Rowe Price to support the global investment management firm's growing stable value fund business.

Key Points: 
  • BOISE, Idaho, Feb. 29, 2024 /PRNewswire/ -- Clearwater Analytics (NYSE: CWAN), a leading provider of SaaS-based investment management, accounting, reporting, and analytics solutions, today announced its Clearwater for Stable Value solution has been selected by T. Rowe Price to support the global investment management firm's growing stable value fund business.
  • Clearwater for Stable Value will provide T. Rowe Price with a comprehensive technology solution designed specifically for stable value investment operations.
  • "Clearwater for Stable Value is the technology that will allow us to advance our stable value fund operations and support our continued business growth," said Antonio "Tony" Luna, Head of Stable Asset Management at T. Rowe Price.
  • Clearwater is dedicated to transforming investing for our clients, and we're confident Clearwater for Stable Value sets a high standard for effective stable value fund operations."

Wealth Solutions Report Launches Third Annual Pathfinder Awards, Honoring Top Black Wealth Management Leaders Of 2024

Retrieved on: 
Tuesday, February 27, 2024

NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Wealth Solutions Report (WSR) – the fast-growing B2B digital media platform featuring wealth management-focused commentary, insights and analysis – today announced the winners of the WSR Pathfinder Awards – Top Black Industry Leaders of 2024, in honor of Black History Month. This month's awards mark the launch of the third year of WSR's Pathfinder Awards series.

Key Points: 
  • Annual Pathfinder Series Spotlights Industry Excellence Across Underrepresented Communities, While Championing Diversity And Inclusivity In Wealth Management
    NEW YORK, Feb. 27, 2024 /PRNewswire/ -- Wealth Solutions Report (WSR) – the fast-growing B2B digital media platform featuring wealth management-focused commentary, insights and analysis – today announced the winners of the WSR Pathfinder Awards – Top Black Industry Leaders of 2024, in honor of Black History Month.
  • The invitation-only Pathfinder Awards recognize excellence among financial advisors, executives and professionals in the wealth management industry from underrepresented communities and backgrounds.
  • The awards also honor organizations that successfully advance those communities, both within the wealth management industry and on behalf of end clients.
  • It will announce the second installment of 2024 Pathfinder Awards in March – the Top Women Industry Leaders of 2024, coinciding with Women's History Month.

T. ROWE PRICE CHAIR WILLIAM J. STROMBERG AND DR. FREEMAN A. HRABOWSKI TO RETIRE FROM BOARD IN MAY 2024; ROBERT W. SHARPS TO ASSUME CHAIR ROLE

Retrieved on: 
Tuesday, February 20, 2024

At that time, Robert W. Sharps will become chair of the Board, in addition to continuing as chief executive officer and president.

Key Points: 
  • At that time, Robert W. Sharps will become chair of the Board, in addition to continuing as chief executive officer and president.
  • Both Mr. Stromberg and Dr. Hrabowski will continue to serve on the Board until the meeting.
  • "As chair and a longtime member of the Board, Bill has made significant contributions to T. Rowe Price.
  • As non-executive chair, Bill continued his commitment to strong financial discipline and the buildout of diverse Board leadership.

T. ROWE PRICE UNVEILS 'THE POWER OF CURIOSITY'

Retrieved on: 
Tuesday, February 20, 2024

BALTIMORE, Feb. 20, 2024 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ – GS: TROW) announced that it has launched a new global branding program today to highlight its renowned capabilities as one of the world's premier asset management firms. Called "The Power of Curiosity," the program conveys how active questioning conducted by investment professionals drives more informed insights that can better enhance the investment process. At the same time, the program underscores how these insights, supported by more than 85 years of investment culture and experience at T. Rowe Price, reflect the independent thinking that characterizes the firm's investment professionals while demonstrating how the investment approach can benefit investors.

Key Points: 
  • Through "The Power of Curiosity" creative platform, T. Rowe Price is investing in a bold campaign it hopes will improve audiences' awareness and consideration of its investment capabilities and help them differentiate T. Rowe Price from other investment managers.
  • T. Rowe Price has been such a partner for decades, though typically we have been somewhat reserved in publicly highlighting the company's many strengths.
  • T. Rowe Price has also introduced a sleeker, more modern look for its longtime bighorn sheep symbol, affectionately known within the firm as Trusty .
  • T. Rowe Price partnered with Digitas NY, a marketing agency, to develop the campaign, and Assembly , a media agency, to develop the activation plan.