The chief investment officer and chairman of T. Rowe Price will step down next year as portfolio manager of one of the company’s biggest investment funds.
Brian C. Rogers, who has managed the Equity Income Fund since its start in 1985, will remain with T. Rowe in his capacity as CIO and chairman of the board of directors, the firm said in a news release. He is also stepping down as co-portfolio manager of the Institutional Large-Cap Value Fund.
“While he is not retiring, in reflecting on this milestone he has decided this will be an opportune time to hand over his portfolio management responsibilities,” the company said in a press release.
Equity Income, which had more...