Baltimore-based money managers and asset owners have put in contingency plans in response to riots taking place in the city.
While T. Rowe Price Group will remain open for business on Tuesday, the firm's headquarters in downtown Baltimore will be closed, spokesman Brian Lewbart said.
“To maintain operations … we will be implementing standard business continuity procedures, including shifting activities to alternate locations and asking our associates to work remotely or from other offices,” Mr. Lewbart said in an e-mail.
Although Legg Mason's offices in Baltimore are open, employees have been encouraged to work from home, spokeswoman Mary Athridge said.
Legg Mason's affiliates are all based outside of Baltimore, so their offices are running regularly.
Michael Golden, spokesman for the $45.7 billion Maryland State Retirement & Pension System, said in an e-mail that state offices in Baltimore were closed Tuesday.
The $1.5 billion Baltimore City Employees' Retirement System's office is open, as is the $2.4 billion Baltimore City Fire & Police Employees' Retirement System's office.