The shares of T

T. Rowe Price The shares rose on Thursday after the asset manager concluded a billion dollar deal with Goldman Sachs to sell private market products to retail investors.

Goldman will purchase up to one billion dollars of shared shares between T The two companies will cooperate to provide wealth and retirement funds that allow access to private markets for individuals, financial advisers, the plan of the plan and the participants in the plan.

The shares of T. Rowe PRICE increased more than 5 % on Thursday.

“This investment and cooperation represents our conviction in a joint legacy of success in achieving results for investors,” David Solomon, CEO of Goldman, said in a statement. “With the leadership contracts from Goldman Sachs, which creates the public and private markets and T

The shares of T T. Rowe shares have provided negative return over the past five years to investors.

The new deal came in the aftermath of the president Donald TrumpThe newly signed executive that aims to allow investors to reach alternative assets for plans 401 (K), including cryptocurrencies and private market assets.