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.