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Article: T. Rowe Price to manage $70 million in equity and bond assets for New York State retirement plan.
- Article from:
- PR Newswire
- Article date:
- April 21, 1988
CopyrightCOPYRIGHT 1988 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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T. ROWE PRICE TO MANAGE $70 MILLION IN EQUITY AND BOND ASSETS
FOR NEW YORK STATE RETIREMENT PLANAND BOND ASSETS
Plan Covers 40,000 State, Local Government Employees
BALTIMORE, April 21 /PRNewswire/ -- T. Rowe Price Associates, Inc. (NASDAQ: TROW) has been selected as manager of the $70-million equity and bond fund held by New York State's Deferred Compensation Plan.
The plan, technically known as a Section 457 retirement plan, is the public sector version of the popular 401(k) retirement plan. More than 40,000 state and local government employees throughout New York State participate.
"T. Rowe Price now ...