GOLDMAN TO BUY $1 BILLION OF T. ROWE STOCK AS FIRMS TEAM UP
https://s.yimg.com/ny/api/res/1.2/XeGQQwuCMjzZVTU3OBJUPg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTc-/https://media.zenfs.com/en/bloomberg_holding_pen_162/01be661ded0d370489d8ced8d5a31ed6
✍️ Goldman Sachs Group Inc. will invest up to $1 billion in T. Rowe Price Group Inc. and partner with the asset manager to sell private-market products to retail investors.
👉 Goldman Sachs will invest up to $1 billion in T. Rowe Price Group Inc. 👉 The companies will partner to sell private-market products to retail investors 👉 T. Rowe's stock has tumbled more than 50% from its 2021 peak 👉 The partnership will include co-branded retirement funds and joint portfolios for high-net-worth individuals
-- #RobSharps #MarcNachmann #ErinFuchs #business
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