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Longtime T. Rowe Price Manager Departs

Boesel will run Capital Appreciation.

Mentioned:

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.

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Catherine Hickey does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.