The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Will Vanguard Keep Axa Rosenberg as a Sub-Advisor? Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, April 30, 2010

Will Vanguard Keep Axa Rosenberg as a Sub-Advisor?

Reported by InvestmentWires Staff, 

Vanguard is reviewing its relationship with Axa Rosenberg, which sub-advises three of its funds, in the wake of a coding error, Bloomberg reports.

"We're taking a very hard look at that relationship, but we're still in fact-finding mode," Vanguard spokeswoman Rebecca Katz told Bloomberg.

Axa Rosenberg manages $1 billion of the $9.28 billion Vanguard Explorer Fund, $525 million of the U.S. Value Fund and roughly $34 million of the $70.6 million Market Neutral Fund.

A coding error disrupted Axa Rosenberg's process for selecting investments in June of last year. Senior officials at Axa Rosenberg did not report the error, which was fixed between September and November, according to a letter Axa Rosenberg sent to clients on April 15.

Axa Rosenberg's founder, Barr Rosenberg, is taking a leave of absence for 30 days and Thomas Mead, director of research, will resign within a year. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2019
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use