T. Rowe Price Unit Hopes to Supercharge Annuity Issuer’s Portfolio
February 11, 2025 by Allison Bell
Oak Hill Advisors, a T. Rowe Price unit, is getting a chance to show what it can do for investment returns at Aspida Holdings, a midsize indexed annuity issuer.
Ares Management, Aspida’s owner, agreed last week to let Oak Hill Advisors manage some of Aspida’s assets and work with Aspida to try to develop new types of products.
Michael Arougheti, the CEO of Ares Management, and Rob Sharps, the CEO of T. Rowe Price, talked about the new relationship last week, during conference calls with securities analysts.
Wink’s Moore on the Market: Ares Management Corporation Management, Aspida‘s owner, agreed last week to let Oak Hill Advisors, L.P. manage some of Aspida’s assets and work with Aspida to try to develop new types of products.
Is this about developing new, hybrid indices for their indexed annuities?
Or, does this mean that they are going to help Aspida develop new offerings in their annuity lineup?
I don’t know, but I bet my buddy Chad Burns does.
With annuity sales being as strong as they are- no doubt Ares wants to focus on growing this business as much as they can. -sjm
