Assets jump 2.5% at T. Rowe Price

T. Rowe Price Group today reported $212 billion in assets under management in the third quarter, up 2.5% from the previous quarter, said Steven Norwitz, spokesman. Competitive product performance and growth in T. Rowe Price's institutional businesses were the reasons for the increase, he said. The company reported net income of $82.5 million in the third quarter, up 2.7% from the second quarter.