Press release
T. Rowe Price Earns Two 2020 U.S. Morningstar Awards For Investing Excellence
Firm cited for Exemplary Stewardship and Jerome Clark named as Outstanding Portfolio Manager BALTIMORE, June 22, 2020 /PRNewswire/ -- T. Rowe Price
About this update from T. Rowe Price Group, Inc.
[{"type":"text","content":"Firm cited for Exemplary Stewardship and Jerome Clark named as Outstanding Portfolio Manager\n\n\nBALTIMORE, June 22, 2020 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW) announced today that it has been selected to receive two 2020 U.S. Morningstar Awards for Investing Excellence. T. Rowe Price was honored with the 2020 U.S. Morningstar Exemplary Stewardship Award for the firm and the 2020 U.S. Morningstar Outstanding Portfolio Manager Award for Jerome Clark. Mr. Clark, a portfolio manager in T. Rowe Price's Multi-Asset Division, co-manages the T. Rowe Price Retirement Funds and Target Funds.\nThe Exemplary Stewardship award recognizes the firm that best demonstrates an investor-focused corporate culture and an alignment of interests between investors and the people who control the destiny of the investment strategies, according to Morningstar.\nT. Rowe Price was founded in 1937 by Thomas Rowe Price, Jr., who set out with four colleagues to establish an investment counseling firm \"with a reputation for the highest character and the soundest investment philosophy.\" The company's reason for being and its actions continue to be guided by these words today, and its associates strive to prioritize client interests above all else. \nT. Rowe Price's fiduciary culture is anchored in the importance of strategic investing, which is driven by rigorous research; critical thinking; prudent risk management; and active, independent decision-making. More than 7,000 T. Rowe Price associates in 16 countries around the world work to provide the highest-quality service to clients.\nThe Outstanding Portfolio Manager award honors managers who, in addition to delivering strong returns for investors over their careers, have demonstrated excellent investment skill, the courage to differ from the consensus to benefit investors, and an alignment of interests with the strategies' investors.\nJerome Clark has spent his entire investment career at T. Rowe Price and was the first portfolio manager of T. Rowe Price's target date funds when the firm's Retirement Funds launched in 2002. He joined T. Rowe Price in 1992 as a quantitative analyst in the Fixed Income Division and later served as portfolio manager of the US Treasury Long-Term Bond Strategy from 1998 through 2003. \nThis award is a testament to Mr. Clark's outstanding record of service and his pion...