Longtime T. Rowe Price Manager Departs
Boesel will run Capital Appreciation.
Rich Howard, who has racked up category-topping returns at T. Rowe Price Capital Appreciation Fund (PRWCX) since 1989, is leaving the firm.
Howard will join the investment department of White Mountain Insurance Group in mid-September. Former T. Rowe Price Growth & Income manager Stephen Boesel will take the reins on Capital Appreciation in a couple of weeks.
Catherine Hickey does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.