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
