T. Rowe Price Group, one of the largest U.S. fund companies, will split itself into two independent entities in the next two years. The move is somewhat unusual, but not unexpected. When it happens, investors might have a chance to access some of the firm’s long-closed funds.
The mutual-fund giant, which has more than $1 trillion assets under management, announced last week that it plans to launch a new investment advisor platform called T. Rowe Price Investment Management in the second quarter of 2022. The company will move…