T. Rowe Price CEO on private assets, AI and the passive investing shift


CEO Rob Sharps on passive investing trends, moving private assets into 401(k)s, tax-loss harvesting growth, and how T. Rowe Price is deploying AI.

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What stands out

On Bloomberg The Close, T. Rowe Price CEO Rob Sharps said something worth listening to: passive flows are still rising, but the firm is quietly pushing private assets into 401(k) plans, expanding tax-loss harvesting, and trialing artificial intelligence. That combination is not a rallying cry, it is a business model adjustment, fee-bearing private strategies and smarter trading tools can blunt passive pressure and change how a traditional asset manager earns money over the next several years.