In this episode of Pitch The PM, Doug Garber sits down with Priyal Maniar, Global Energy Investor at T. Rowe Price | Investment Analyst and Portfolio Manager of Natural Resources ETF (TURF) to discuss the path that led her to one of the most coveted firms on the street.

Priyal walks through her journey from BlackRock to T.Rowe, how an early passion for equity research and mentorship shaped her investing lens. She talks about T. Rowe's collaboratiove Analyst & PM invstment culture and what it actually takes to stand out at one of the top investmet houses in the world.

This episode is all about Priyal's journey and investment process — how great stock pickers develop repeatable frameworks, build trust with colleagues and turn research into real capital allocation.

Stay tuned for Part 2 — where we dive deep into the energy cycle and TURF’s big Oil Sands bet…

What you'll learn:

How Priyal built her foundation through value-focused investing
Inside T. Rowe’s intense interview process (30+ interviews, stock pitches)
The traits that matter: curiosity, deep work, and flexible conviction
How the $100B+ analyst-run fund works in practice
How analysts build a track record before managing capital
How ideas actually spread across a multi-trillion platform
Why collaboration starts before the pitch
The importance of field research and PM alignment
How to build mindshare in under-owned sectors like energy
Why process > being right once

Timestamps

00:00 – Intro

01:00 – Priyal’s Background: India → Early Market Exposure

02:00 – Breaking In: BlackRock → Brandywine & Value Investing Roots

03:15 – Reaching Back Out to T. Rowe Price & Interview Process

04:30 – What T. Rowe Looks For: Curiosity, Deep Research, Fit

05:30 – Role Today: Coverage & Analyst Responsibilities

06:30 – Inside the $100B+ Analyst-Run Research Fund

07:30 – TURF ETF & Expanding Access

08:15 – How Ideas Get Shared Across the Platform

09:15 – Reports, Meetings & “Walking the Floor” Culture

10:15 – PM Pushback & Real-Time Collaboration

11:15 – Field Research & Building Buy-In Early

12:15 – Gaining Mindshare as an Energy Analyst

13:15 – Process > Calls: Building Trust Over Time

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This episode is for informational purposes only and does not constitute investment advice. See full disclosures at: https://www.pitchthepm.com/disclaimer

EP:31 Getting into T. Rowe Price - The Right Investment Process (Part 1)

Pitch The PM

EP:31 Getting into T. Rowe Price - The Right Investment Process (Part 1)