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T. Rowe downplays tech investments
About 220 T. Rowe Price Group associates will soon start working for BNY Mellon as part of a new agreement with the Wall Street banking corporation. T. Rowe associates in London and Hong Kong will move to existing BNY Mellon offices in those cities. The transition will take place in August. (The Daily Record/Maximilian Franz)

T. Rowe downplays tech investments

Firm’s first-quarter earnings increase by 26 percent

T. Rowe Price Group Inc., along with other money managers, has earned plenty of publicity recently for investing in private technology companies, which traditionally has been the role of venture capitalists, not mutual-fund firms.

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