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

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

Rating:Vanguard Drops Advisor To Get More William Blair Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 9, 2006

Vanguard Drops Advisor To Get More William Blair

Reported by Marie Glancy

Pleased with the work William Blair & Company has done on its Vanguard US Growth Fund, Vanguard has signed up the Chicago-based investment manager to help advise its $757 million Vanguard Mid-Cap Growth Fund through a multi-manager arrangement, Vanguard announced Thursday.

Meanwhile, Provident Investment Counsel, a Pasadena-based firm that had been managing 40 percent of the fund, has been taken off the case.

"We thank Provident for its contributions to the fund over the past four years," said Vanguard chairman John Brennan in the announcement.

Berwyn, Pennsylvania-based Chartwell Investment Partners, an existing advisor to the fund, will split assets evenly with William Blair. Vanguard spokesperson Melissa Nigro confirmed Provident advises no other Vangaurd funds.

She said the fund's trustees evaluate current and prospective advisors based on portfolios, investment philosophy and results, and the "strength of management teams." Based on William Blair's two-year track record at the US Growth Fund, the trustees decided to expand the managers' mandate: "They know Vanguard."  

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

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q4Q3Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
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:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use