Products May 9, 2007

T. Rowe Price Expands Adviser Web Site

T. Rowe Price unveiled an expanded financial intermediary Web site that provides streamlined access to institutional investment content and educational resources designed for client use.
Reported by
In addition to advisers, a T. Rowe Price news release said the site is designed for broker/dealers, clearing firms, banks, and defined contribution recordkeepers.
According to the news release, although basic content is available to all visitors to the site, detailed portfolio information and sales support materials are only available to those registering for access.
Featured areas of the site include:
  • performance data, portfolio holdings, attribution analysis, style analysis graphs, manager commentary, fund facts, and other key statistics and portfolio review information on investment products.
  • sales ideas and sales campaigns such as understanding and advising today’s pre-retirees, managing retirement income, and behavioral finance; investment perspective reports on various asset classes and topical investing themes; multi-media portfolio manager interviews; and defined contribution industry content for providers and sponsors.
  • downloadable prospectuses and fund reports; and
  • featured content on matters such as fund updates, distributions and taxes and commentary on issues affecting the markets.
The site is at www.troweprice.com/fi.
Deals & People May 9, 2007

New PE Firm Launched by Pacific Corporate Group Execs

Three private equity executives have formed a new firm, Leucadia Capital Partners LLC (LCP), to provide customized private equity investment management and advisory services to institutional investors.
Reported by
The La Jolla, California-based firm is managed by Monte M. Brem, Chief Executive Officer; Thomas P. Keck, Chief Investment Officer; and Jose A. Fernandez, Managing Director. Together, the three founders have more than 30 years of experience as transaction advisors and principal investors. According to a press release, the customized portfolios they have built, primarily for public pension plans, have consistently generated market-leading returns. LCP expects to have a team of 10 professionals in place by June.
The George Kaiser Family Foundation and the Kuwait Investment Authority have already retained LCP, according to the firm.
Founder Profiles
Prior to founding LCP, Brem, 38, was the President of Pacific Corporate Group (PCG), a private equity investment firm that oversaw over $15 billion of private equity allocations. Brem managed the investment activities and operations of PCG Asset Management, the operating division of PCG that was responsible for all of its partnership investment activities. Prior to his appointment as President, Mr. Brem was a member of PCG’s Direct Investment Group and Investment Committee that managed PCG’s Corporate Partners and Co-Investment Funds.
Keck, 40, previously was a Managing Director and Head of Research at PCG, and chaired its Investment Committee. He led the restructuring of PCG’s investment process, organizing PCG’s 15 member research team into sub-sector specialties to ensure broad and deep market coverage. He joined PCG from Blue Capital, a middle market buyout firm founded by partners from McKinsey & Company.
Fernandez, 35, was also a Managing Director of PCG and a member of PCG’s Management Committee and Investment Committee. He served as Senior Vice President/General Counsel and Chief Compliance Officer of PCG before his promotion to Managing Director. During his years at PCG, he created separate account structures and specialized fund of funds for clean energy technology and international investments. He also drafted and helped manage direct investment funds and co-investment funds. Before joining PCG, Fernandez was an associate with the Corporate Department of the Los Angeles office of Latham and Watkins LLP.

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