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T. Rowe Price to Acquire F/m Investments
T. Rowe Price announced an agreement to acquire F/m Investments, the fixed income asset manager and ETF specialist with approximately $19B in assets under management as of July 31, across exchange-traded funds, institutional separate accounts, and both taxable and municipal separately managed accounts. Founded in 2019 and headquartered in Washington, D.C., F/m Investments is an asset manager focused on delivering fixed income solutions and is an affiliate of 1251 Capital Group. At closing, the acquisition is expected to increase T. Rowe Price's fixed income AUM by nearly 9%, more than doubling its fixed income ETF assets under management and expanding its fixed income SMA business. Upon closing, F/m will operate as "F/m Investments, a T. Rowe Price Company," retaining its brand, leadership, investment approach, and day-to-day operating model. Alexander Morris will report to Arif Husain, and F/m employees will become T. Rowe Price associates. This structure preserves what has made F/m successful while extending its fixed income capabilities across T. Rowe Price's platforms. The transaction is expected to close in early 2027, subject to customary filings and closing conditions. Financial terms were not disclosed.
T. Rowe Price to Acquire F/m Investments
T. Rowe Price announced an agreement to acquire F/m Investments, the fixed income asset manager and ETF specialist with approximately $19B in assets under management as of July 31, across exchange-traded funds, institutional separate accounts, and both taxable and municipal separately managed accounts. Founded in 2019 and headquartered in Washington, D.C., F/m Investments is an asset manager focused on delivering fixed income solutions and is an affiliate of 1251 Capital Group. At closing, the acquisition is expected to increase T. Rowe Price's fixed income AUM by nearly 9%, more than doubling its fixed income ETF assets under management and expanding its fixed income SMA business. Upon closing, F/m will operate as "F/m Investments, a T. Rowe Price Company," retaining its brand, leadership, investment approach, and day-to-day operating model. Alexander Morris will report to Arif Husain, and F/m employees will become T. Rowe Price associates. This structure preserves what has made F/m successful while extending its fixed income capabilities across T. Rowe Price's platforms. The transaction is expected to close in early 2027, subject to customary filings and closing conditions. Financial terms were not disclosed.
T. Rowe Price Reports $1.87T AUM for July
T. Rowe Price Group announced July month-end assets under management of $1.87T. Net outflows for July were $8.2B.
T. Rowe Price Reports AUM $1.9T, Net Client Outflows of $6.5B
T. Rowe Price reports AUM $1.9T, net client outflows of $6.5B
Rob Sharps: Q2 Revenue at $1.91B
Reports Q2 revenue $1.91B, consensus $1.92B. Rob Sharps, chair and CEO, commented, "We ended the quarter with a record $1.9 trillion in assets under management and positive flows in May and June reflected client demand in areas where we are investing for growth. We continue to expand our ETF and SMA business and advance our strategic partnerships. While fundamental active equity remains under pressure, I am confident that the progress we are making positions us to deliver long-term value for clients and stockholders."
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