Baltimore-based T. Rowe Price Group Inc. is an investment management organization historically known for its stock funds. It provides an array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries.
You won't find celebrity managers at this fund powerhouse. T. Rowe isn't a shop that gets caught up in the latest product or investing craze. Its culture is marked by the long tenure of its fund managers; a consistent, fundamentally driven approach to investing; and an avoidance of fads. Its manager retention is among the highest in the industry, according to Morningstar. Its steady long-term approach paid off in 2008. While the firm wasn’t able to escape the market downturn, it did limit its clients’ exposure to the subprime mortgage market that’s plaguing many competitors. The firm's modest offices overlook Baltimore's Inner Harbor.