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The Challenge For Vanguard’s New CEO: Keep A Behemoth Growing

TedTed
in Fund Discussions
FYI: Vanguard’s new chief executive has a challenge his three predecessors didn’t: How to how to grow a firm that is already the world’s second largest investment manager.

When Mortimer J. “Tim” Buckley started at Vanguard in 1991, the firm managed $77 billion and attracted $15 billion in new cash that year. It had 2,600 employees in one Malvern, Pa. office and was trying to grow with an unusual ownership structure—it is owned by its customers—and ultralow fees.
Regards,
Ted
http://www.cetusnews.com/business/The-Challenge-for-Vanguard’s-New-CEO--Keep-a-Behemoth-Growing-.HkBnTz9oQG.html

Vanguard Live Webcast January 4, 2018 at 7 p.m. EST:
https://pressroom.vanguard.com/news/Media-Alert-Vanguard-CEO-Tim-Buckley-And-CIO-Greg-Davis-To-Discuss-Markets-Economy-During-Live-Webcast-010318.html

Comments

  • dicksonL
    edited January 2018
    The objective is not " how to grow a firm ". He should focus on those funds with multiple sub-advisers: like when pzena joined vsvax in 2014, many must have dropped out;and have only reasonable nos. If they are of opposing view for the same mandate, then I would prefer to go for an index fund instead. That means efficiency is important rather than further growth. ( efficiency in turnover, cap gains, tracking error etc)
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