What to Expect From the New Manager at T. Rowe Price Small-Cap Value

David Wagner is taking steps to better spot volatility risks.

A changing of the guard took place at T. Rowe Price Small-Cap Value (PRSVX) in mid 2014, when longtime manager Preston Athey retired and handed over stewardship of the fund to David Wagner. The transition occurred in the middle of a year in which small-capitalization stocks badly trailed their large-cap brethren. Making matters worse, Small-Cap Value trailed its benchmark, the Russell 2000 index, by five percentage points over the past 12 months.

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Nellie S. Huang
Senior Associate Editor, Kiplinger's Personal Finance

Nellie joined Kiplinger in August 2011 after a seven-year stint in Hong Kong. There, she worked for the Wall Street Journal Asia, where as lifestyle editor, she launched and edited Scene Asia, an online guide to food, wine, entertainment and the arts in Asia. Prior to that, she was an editor at Weekend Journal, the Friday lifestyle section of the Wall Street Journal Asia. Kiplinger isn't Nellie's first foray into personal finance: She has also worked at SmartMoney (rising from fact-checker to senior writer), and she was a senior editor at Money.