T. Rowe Price Group (TROW) said Monday it is collaborating with life insurance and annuity company Aspida Holdings to manage some of Aspida's public and private assets.
The partnership, which includes T. Rowe Price's alternative credit subsidiary Oak Hill Advisors, also involves exploring product development and other growth initiatives, T. Rowe said.
Terms of the collaboration weren't disclosed.
Shares of T. Rowe Price Group were down more than 1% in recent trading.
Price: 115.47, Change: -1.45, Percent Change: -1.24
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