U.S. Large-Cap Growth Equity Strategy Portfolio Management Transition
Meet Jon Friar
Portfolio Manager, U.S. Large-Cap Growth Equity Strategy
Portfolio Specialist Ron Taylor sits down with Jon Friar to discuss his path to becoming portfolio manager of the U.S. Large-Cap Growth Equity Strategy.
Jon shares his investment philosophy, experience within T. Rowe Price’s research platform, and perspective on leading the strategy going forward.
Also, hear from Josh Nelson, head of Global Equity, about the firm’s investment platform and how it supports portfolio managers and long-term client outcomes.
To explore specific topics from our discussion, please view the clips below.
Analyst to Portfolio Manager, Jon Friar’s Investment Journey
Jon Friar reflects on his path at T. Rowe Price-from joining the firm as an analyst to becoming portfolio manager of the U.S. Large-Cap Growth Equity Strategy. Drawing on years of research experience and leadership within the firm’s investment platform, Jon explains how his background shaped his investment process and perspective on portfolio management. His journey highlights how deep fundamental research and collaboration serves as the foundation for developing investment leaders at T. Rowe Price.
Part 2
U.S. Large-Cap Growth Equity Leadership Transition
Jon Friar discusses the transition in leadership of the U.S. Large-Cap Growth Equity Strategy and the close partnership that has shaped the portfolio in recent years. Having worked alongside portfolio manager Taymour Tamaddon and the broader investment team, Jon explains why clients should expect continuity in the strategy’s philosophy, process, and portfolio construction as he assumes sole portfolio management responsibilities.
Part 3
Managing Concentration, Risk, and Opportunity in U.S. Large-Cap Growth Equities
Jon Friar explains how he approaches portfolio construction in an increasingly concentrated market environment—balancing conviction, diversification, and risk management. He discusses how he evaluates valuation, position sizing, and long-term growth potential to identify opportunities while maintaining a disciplined approach to risk.
Part 4
T. Rowe Price Global Equity Investment Platform Strength
Ron Taylor speaks with Josh Nelson, head of Global Equity, about the strength of T. Rowe Price’s investment platform. Josh shares how the firm’s global research network, collaborative culture, and long-term approach to developing investment talent support portfolio managers and help ensure continuity across strategies.
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