T Rowe Price Continental European Equity fund loses Elite Rating amid manager change

Dean Tenerelli to leave at end of the year

James Baxter-Derrington
clock • 1 min read

T. Rowe Price has announced that Dean Tenerelli, manager of the European Equity and Continental European Equity fund, is to leave at the end of 2020, leading FundCalibre to remove the Continental fund's Elite Rating.

Current manager of the European Select Equity strategy, Toby Mueller, will join Tenerelli as co-manager of both funds from 1 July, before succeeding him as sole portfolio manager on 1 October 2020. T. Rowe Price hires EMEA strategist for multi-asset solutions team As a result of the change, the T. Rowe Price Continental European Equity fund will lose its Elite rating from FundCalibre due to Mueller's "short but good" track record. Darius McDermott, managing director of FundCalibre, said: "Dean has been an excellent fund manager and it is a shame he is leaving, but we wish him well ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot