Fund Times: T. Rowe Announces Manager Changes
Plus, news on 529 plan legislation in Maine, a MainStay fund closure, and more.
Rob Gensler, who has successfully run T. Rowe Price Global Technology (PRGTX) since January 2002, has stepped down as manager of this offering and is likely to focus attention on his other charge, T. Rowe Price Global Stock (PRGSX). As of April 1, 2006, Jeffrey Rottinghaus has stepped in to run Global Technology. Rottinghaus has been with T. Rowe Price since 2001, serving first as a technology sector analyst assisting with small-cap T. Rowe Price New Horizons (PRNHX), and then as manager of T. Rowe Price Developing Technology (PRDTX) since June 30, 2005.
Developing Technology and Global Technology are Rottinghaus' first attempts at running funds solo, so we'll be watching his moves closely in the months ahead. With Gensler's departure from Global Technology and the lack of a long track record for Rottinghaus, we'll also be reevaluating that fund's status as a Morningstar Fund Analyst Pick.
Lawrence Jones does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.
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