Tag #David Giroux

What is the significance of David Giroux's 17-year outperformance streak for the Capital Appreciation Fund, and what are its implications for active investment management strategies?

David Giroux of T. Rowe Price's Capital Appreciation Fund achieved a 17-year consecutive streak of outperforming its Morningstar peer group, a record unmatched by any other U.S. equity or multi-asset fund under the same manager. This consistent outperformance translated to a $490,000 return on a $100,000 investment from 2008 to 2024, significantly exceeding the peer average.