Well regarded former fund manager dies, 68

Black

Sad to report.

Bloomberg News reports that John H. Laporte, a onetime Morningstar fund manager of the year who beat three-fourths of his peers in his 22 years managing T. Rowe Price's New Horizons Fund, has died aged 68.

He died on August 12th at his home in Ruxton, Maryland, a suburb of Baltimore, his wife, Andrea Laporte, said in an interview. The cause was complications from lymphoma.

Known as Jack, Laporte worked at Baltimore-based T. Rowe Price from 1976 until his retirement at the end of last year.

From 1987 to 2010 he was lead portfolio manager for small-cap growth portfolios as well as chairman of the investment advisory committee for New Horizons, one of the firm’s oldest funds, created by firm founder Thomas Rowe Price Jr. in 1960. The fund generally invests in companies with market capitalisation of $2.5bn or less.

Laporte oversaw a quintupling of assets in the fund, to $5.9bn, during the two decades he ran it.

'All of us who were fortunate enough to know and work with Jack are better off for it,' Brian Rogers, T. Rowe Price’s chairman and chief investment officer, said in a statement. 'We certainly benefited from his investment acumen, but also from the example he set as an individual for his high ethics and standards, patience, curiosity, cooperation, encouragement and sincere interest in helping us improve.'

To access the complete Bloomberg article hit the link below

John Laporte, T.Rowe Price Manager Who Beat Peers, Dies at 68

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