Investment management organization T. Rowe Price Group, Inc. has created a new fixed income solutions group, with Peter S. Austin as the head. In this new role, Austin will initially focus on enhancing the firm’s liability-driven investment (LDI) solutions capabilities for U.S. pension funds.

“While the trend toward LDI is a powerful driver behind the desire for customized solutions, our fixed income solutions effort is broader than LDI,” says Mike Gitlin, director of T. Rowe Price’s fixed income division. “Our fixed income solutions group will be working with a broad range of institutional clients to provide customized investment programs tailored to their specific objectives, and will draw upon the resources of the firm’s quantitative research, credit research, fixed income portfolio management, and asset allocation teams.”

Baltimore-based T. Rowe Price has $520.9 billion in assets under management as of June 30, 2011.

Copyright © 2021 Transcontinental Media G.P. Originally published on benefitscanada.com

Add a comment

Have your say on this topic! Comments that are thought to be disrespectful or offensive may be removed by our Benefits Canada admins. Thanks!

* These fields are required.
Field required
Field required
Field required