T. Rowe Price manager Milano quits New America Growth Fund


T. Rowe Price Group lost one of its top stock fund managers on Friday, as Joseph Milano quit to pursue other opportunities.

Milano, who ran the $4 billion New America Growth Fund, will be replaced by Dan Martino, manager of the firm's Media and Telecommunications Fund and related accounts, spokesman Brian Lewbart said.

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(Reporting by Aaron Pressman; editing by Carol Bishopric)