FYI: The Vanguard Group Inc., which has for years voiced skepticism about the fast rise of exotic index-investing strategies, has hired a top researcher away from one of the best-known promoters of smart beta, Research Affiliates.
Valley Forge, Pa.-based Vanguard, the largest mutual fund firm and the second-largest ETF manager, is bringing Research Affiliates analyst Denis B. Chaves to its quantitative equity group, according to the leader of that group, John Ameriks.
Regards,
Ted
http://www.investmentnews.com/article/20150908/FREE/150909935?template=printart
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