T. Rowe Price Executive Stares Down Threat From Private Markets

(Bloomberg Markets) — One point seems to be lost in the mania over index-based investing: Stockpicking can actually be a lot of fun. At least this is how Stephon Jackson feels about the subject. As he becomes head of a new investment adviser at T. Rowe Price Group Inc., due to transition in 2022, he’s looking to work with managers who share his enthusiasm for active management. The strategies that will move to the new division accounted for about $167 billion as of Sept. 30. The group, called T. Rowe Price Investment Management (TRPIM), will pursue six strategies and operate as a standalone business, providing portfolio managers with more freedom to control the size of stakes they take in certain companies.

Jackson, 58, a 13‑year veteran of T. Rowe Price’s equities division, relocated from London to his hometown of Baltimore in March as worldwide pandemic lockdowns took hold. He spoke

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Yahoo Finance’s Annual All Markets Summit Goes Completely Digital (Exclusive)

Yahoo Finance is making its annual All Markets Summit online-only amid the ongoing coronavirus pandemic, TheWrap can exclusively reveal.

The 2020 “All Markets Summit: Road to Recovery” will air at 5 p.m. ET Monday, October 26, entirely via livestream on Yahoo Finance, just as Warren Buffett’s Berkshire Hathaway shareholders meeting did in May.

On Tuesday, July 21, at 5 p.m. ET, the outlet will host a virtual one-hour special, “All Markets Summit Extra: Road to Recovery,” as a lead-up to the event. The special will discuss the re-opening of businesses, economic recovery and outlook, diversity and inclusion and generational opportunities in business.

Also Read: Yahoo Finance Delivers Most-Watched Berkshire Hathaway Shareholders Meeting Ever

Participants in the special include Anthony Scaramucci, founder SkyBridge Capital and former White House communications director; Arnold Donald, CEO of Carnival; Byron Alle, founder & CEO of Allen Media; Brian Chesky, CEO of AirBnB; Julie Sweet, CEO

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