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Browse: Home / 2016 / June / 03 / After Nearly $200 Million Dell Flub, T. Rowe Price Seeks a Solution – WSJ

After Nearly $200 Million Dell Flub, T. Rowe Price Seeks a Solution – WSJ

By Securities Docket on June 3, 2016, 9:47 am

After a nearly $200 million blunder, one of America’s largest mutual-fund companies is racing to find a way to compensate thousands of clients.

T. Rowe Price Group Inc. is likely to announce as early as next week a plan to reimburse clients who lost out when it accidentally voted in favor of the 2013 buyout of Dell Inc. by its founder Michael Dell, according to people familiar with the matter.

via After Nearly $200 Million Dell Flub, T. Rowe Price Seeks a Solution – WSJ.

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Posted in Industry, Top | Tagged Mutual Funds, Proxy advisors

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