T. Rowe Price
Coverage of T. Rowe Price in the Nexus archive.
- AI capex could hit $1.6 trillion next year, says fund manager who sees more echoes of 1998 than the dot-com bust
A fund manager estimates that AI capex could reach $1.6 trillion next year, noting historical parallels to 1998 and the dot-com bust. However, the fund manager also believes that hyperscalers are in a strong position to finance their investments while expecting high returns and short payback schedules.
- $1.9 trillion asset manager T. Rowe Price bets on active management with first multi-token crypto ETF
T. Rowe Price, a $1.9 trillion asset manager, is betting on active management by launching its first multi-token crypto ETF. The move signals the company's entry into the cryptocurrency market through a new investment vehicle.
- $1.9 trillion asset manager T. Rowe Price launches first actively managed multi-token crypto ETF
T. Rowe Price, a $1.9 trillion asset manager, launched its first actively managed multi-token crypto ETF, TKNZ Active Crypto ETF, which began trading on Thursday. The ETF was filed for in October.
- Morgan Stanley CEO drops M&A breadcrumbs
Morgan Stanley CEO Ted Pick hinted at potential M&A opportunities during an earnings call, echoing strategies of his predecessor James Gorman. The article suggests possible targets like Schwab, Voya, T. Rowe Price, and UBS, focusing on expanding wealth management, retirement products, and international markets.
- Employees claim 401(k) mismanagement led to tens of millions in losses
Employees of Pitney Bowes filed a class-action lawsuit alleging the company's 401(k) administrators caused tens of millions in losses by retaining underperforming T. Rowe Price funds for over five years, violating ERISA fiduciary duties. The lawsuit claims the funds' poor performance and high costs led to significant retirement losses for participants.
- Why this fund manager who was an early proponent of Nvidia is now betting on AI’s space frontier
T. Rowe Price fund manager Tony Wang, an early advocate for Nvidia, is now focusing on AI bottlenecks and investing in space and light technologies for potential returns.