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September 01, 2020 1:32pm
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‘The equity market is rich here’ says top-ranked T. Rowe Price investment manager who is cutting his stock-market exposure

David Giroux, who has run T. Rowe Price's Capital Appreciation fund since 2006, told the Financial Times in a recent interview that he is cutting exposure to equities because he sees valuations as too rich.
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Photography by Christophe Tomatis
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