van Eyk has been informed that Rob Gensler, portfolio manager of the T. Rowe Price Global Equity Fund, will retire on December 31 2012.
Scott Berg, currently the portfolio manager for the T. Rowe Price’s Global Large Cap Equity Strategy, will succeed Mr Gensler as the portfolio manager for the Global Equity Fund for Australian investors. David Eiswert is taking over Mr Gensler’s responsibilities to the fund in other regions.
van Eyk’s high ratings on both funds will not change as a result of these developments. We have a high regard for Mr Berg and note that he continues to be supported by a very capable and experienced team of over 100 equities analysts worldwide.