T. Rowe Price becomes major hedge fund player in a heartbeat with $4.2-billion Oak Hill purchase -- plus a $500-million co-investment -- with RIAs named as prime prospective clients
The old line Baltimore firm adds a quick $53 billion of managed capital that garners fees of 1.5% and that's before taking a cut of the gains.
Author Brooke Southall October 29, 2021 at 2:10 AM
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