Openwork awards US mandate to T Rowe Price

Openwork has awarded T Rowe Price the mandate to manage the £510m Omnis US Equity Fund.

The fund will be managed by Jeff Rottinghaus from 7 August.

Openwork’s £4.9bn investment proposition Omnis offers multi-asset model portfolios built with sector funds run by Schroders, Jupiter, Woodford Investment Management and Threadneedle among others.

Rottinghaus is portfolio manager in the US equity division of T Rowe Price and president of its US Large-Cap Core Equity and Growth & Income Equity strategies.

Philip Martin, marketing director at Openwork, says says T Rowe Price’s US equity team is one of the most respected in the industry.