T. Rowe Price Associates, Inc.

City-funded organization

T. Rowe Price Associates, Inc. is an SEC-registered investment adviser and global asset manager headquartered in Baltimore, Maryland (its own site reports $1.89 trillion in assets under management as of June 30, 2026, and its global headquarters relocated within Baltimore in 2025). Its entire New York City relationship is with the Office of the Comptroller, which administers Investment Management Agreements (IMAs) for the city's pension systems: current contracts include the "SECOND RENEWAL-ENHANCED YIELD FIXED INCOME IMA" ($17.4 million), the "FIRST RENEWAL-IG CREDIT/IG CORPORATE FIXED INCOME IMA" ($17.1 million) and the "SECOND RENEWAL OF THE U.S. SMALL CAP ACTIVE IMA" ($2.1 million), plus an earlier "MANAGEMENT SERVICES FOR NYCERS & RELATED FUNDS" contract. It holds $36.6 million in active city contract as of August 2026 value (3 contracts) and $38 million awarded since 2009 across 8 contracts total; 99% of that value ($38 million across 7 contracts) was awarded without a fresh competitive bid, mainly through renewals of existing investment mandates, while an earlier $306,000 NYCERS management-services contract was won through an RFP.

Industry (per city contracts)
Professional Services
City contracts (active)
$36,628,122 · 3 contracts
Awarded all-time
$38,003,178 · 8 since 2009, incl. expired
Paid to date
$893,946
Won without a fresh bid
99% of contract value · $37,697,178 · 7 contracts
Based in
Baltimore, MD (out of state)

Holds contracts at

City contracts

Registered city contracts, largest first by current contract value (not amount spent): running now, then registered to start later, then ended. Totals count every registered contract. Each line shows its Checkbook contract ID. The tag on each row is how it was awarded (“no-bid” = non-competitive).

Sources