| Dec 13, 2012
| 5:34 AM
Baltimore-based Legg Mason Inc. announced Thursday morning it has agreed to acquire Fauchier Partners, a manager of funds of hedge funds based in Europe. The terms of the deal were not disclosed. Fauchier will be merged into Legg's subsidiary Permal, an...
| May 27, 2013
| 7:49 AM
T. Rowe Price has a reputation as a place where portfolio managers can spend their entire careers.
But over 12 weeks this year, three fund managers left the Baltimore-based investment company or announced plans to do so. Two left suddenly, with a star...
| May 11, 2013
T. Rowe Price lost another one of its fund managers, the third this year.
Friday was the last day for Joseph M. Milano, 40, who has been the manager of Price's New America Growth Fund since 2002, said spokesman Brian Lewbart. Milano, who joined the...
| Dec 12, 2012
| 4:12 PM
Some citizens aren't waiting to find out if the White House and Republicans in Congress will be able to reach a last-minute deal to pull the country away from the "fiscal cliff."
They are selling securities while capital gains tax rates are still low...
| Apr 23, 2013
| 5:16 PM
After T. Rowe Price executives recapped last year's highlights at Tuesday's annual meeting, a shareholder raised concerns about the loss of a top money manager, competition from exchange-traded funds and an Obama Administration tax proposal that could...
| Apr 24, 2013
| 2:45 PM
T. Rowe Price Group reported Wednesday that profit rose 22 percent in the quarter from a year ago to $241.9 million, buoyed by an uptick in the market that pushed assets under management to a new record.
The Baltimore-based money manager earned 91...
| Apr 16, 2013
| 2:15 PM
Kris H. Jenner, the manager of T. Rowe Price Health Sciences Fund until his resignation in February, has raised more than $100 million to launch a Baltimore-based hedge fund, Bloomberg News reported.
The hedge fund, which will be called Rock Springs...
| Apr 2, 2013
| 3:25 PM
Legg Mason Inc.'s new CEO, Joseph A. Sullivan, announced Tuesday a shake-up of his executive team and the exit of some top officials, including one who had been in the running for chief executive.
Sullivan, a Legg insider who was named CEO and...
| Mar 23, 2012
| 9:00 PM
Apple made headlines again last week, but this time they weren't entirely about the new iPad.
The tech behemoth announced that it would start paying a quarterly dividend worth $2.65 per share beginning in July. That amounts to nearly $10 billion to be...
| Apr 5, 2012
| 10:46 AM
If the Obama administration proceeds to electoral doom, blame rests on its surrender to its financiers and campaign organizers: Wall Street and public employee and construction unions. A Democratic administration in control of Congress which for two years...
| Dec 26, 2011
| 12:45 PM
If you own mutual funds outside a retirement account, you likely have heard from the investment companies asking you to choose your math.
The companies want you to select the method they should use to calculate your "cost basis" — how much you paid...
| Dec 31, 2011
If you had slept Rip Van Winkle-style through 2011, you'd be awakening now to find that your stock portfolio was much the same as you left it.
Presuming you stayed awake, you endured a volatile year for equities. Market swings were so violent that by the...