T. Rowe Price is searching for a replacement for Kevin Loome, who left the Baltimore-based asset management firm to join Delaware Investments, according to a company spokesperson.

Loome was part of the team managing two T. Rowe Price funds, the Institutional High Yield and Global High Yield SICAV funds.

On Wednesday, Delaware officials said that Loome has joined the company's fixed income team in the roles of senior vice president, senior portfolio manager and head of high-yield investments (see "Delaware Taps T. Rowe Vet As Head of High-Yield Investments," August 15, 2007).

Loome previously spent 11 years at T. Rowe, starting there as an analyst.  

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