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 ...
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