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Feb 10, 2020
Henry Ellenbogen's new firm, Durable Capital, has won $6bn from investors for a new fund that will invest in public and private companies, the FT reports.
By Alex Steger
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Former T. Rowe Price star manager Henry Ellenbogen has raised $6bn for his new fund, which will invest in both public and private companies, according to reports.
The Financial Times reported that Ellenbogen’s new firm, Durable Capital, which he set up in 2019 after leavingT. Rowe in March that year, has raised the money for a fund that requires investors to lock up their cash for three years.
Ellenbogen had been with Baltimore-based T. Rowe for 18 years and enjoyed a hugely successful spell running the T. Rowe Price New Horizons fund. At the time of his departure the fund had $25.2bn in assets under management and was ranked first out of 111 Small-Cap Growth Funds tracked byCitywirefor 10-year total returns to the end of 2018.
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Related portfolio managers
Josh Spencer
157/183 in Equity US - Mid-Cap Growth (Performance over 3 years)
Average total return:
-15.57%
Related Funds
T. Rowe Price New Horizons Fund T. Rowe Price Global Technology Fund
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