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T. Rowe Price Names David Giroux Head Of Investment Strategy
In this new capacity, Mr. Giroux will lead investment research projects aimed at providing insight to benefit
This appointment involves no reporting changes; Mr. Giroux will have no direct reports in this role.
DAVID GIROUX BACKGROUND
T. Rowe Pricein 1998, with analytical responsibility for the firm's investments in the industrials, building products, and automotive sectors.
- Became portfolio manager of
Capital Appreciation Fundand related portfolios in 2006. (The fund is closed to new investors, though current investors may continue to add to their accounts.)
- Manages approximately
$47 billionfor individual and institutional investors (as of June 30, 2018).
- Serves as chief investment officer of U.S. Equity and Multi-Asset and co-chair of the Asset Allocation Committee.
- Two-time winner and five-time nominee for
Morningstar'sFund Manager of the Year award: 2012 win was in the Allocation category and 2017 win was in the U.S. Allocation/Alternatives category, with additional nominations in 2013, 2014, and 2015.
- From 2009 through 2018, 13-time winner of
Thomson Reuters Lipper FundAward for best fund in Mixed-Asset Target Allocation category over various 3-, 5-, and 10-year time periods.
"As the investment landscape evolves, the goal of uncovering investment insight remains central to our success as an asset manager. David's appointment as head of Investment Strategy is designed to help maximize the ability of our research platform to generate excess returns for investors. He has a proven track record of success, not only as an analyst and a portfolio manager, but also as a leader of research initiatives that have benefited our clients. David epitomizes our culture of collaboration-driven investment excellence and dedication to our clients. He is uniquely qualified for this additional role."
"At its core,
ABOUT THE MORNINGSTAR FUND MANAGER OF THE YEAR AWARDS
Established in 1988, the Morningstar Fund Manager of the Year award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers' funds must have not only posted impressive returns for the year, but the managers also must have a record of delivering outstanding long-term risk-adjusted performance and of aligning their interests with shareholders'. Managers' funds must currently have a
ABOUT THE THOMSON REUTERS LIPPER FUND AWARDS
For more than three decades and in over 20 countries worldwide, the
Call 1-800-638-7890 to request a prospectus or summary prospectus; each includes investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.
All investments are subject to risk, including the possible loss of principal.
For Lipper Best Individual Funds, the calculation periods extend over 36, 60 and 120 months. The highest Lipper Leader for Consistent Return (Effective Return) value within each eligible classification determines the fund classification winner over 3, 5 or 10 years as of the period end and no other time periods. Only one share class (the one with the best Lipper Leader score) is used for each portfolio in determining asset class and overall awards.
Past performance cannot guarantee future results.
T. ROWE PRICE INVESTMENT SERVICES, INC.
Founded in 1937,
The strategies, products, and services mentioned are offered via subsidiaries of
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