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Karen Firestone: How Vanguard Could Potentially Shake Up This Closed Market

TedTed
edited July 2019 in The Bullpen
FYI: Vanguard, the non-profit financial giant that single-handedly revolutionized the investment management world, reportedly wants to join the private equity party train. Is this another market that it intends to overhaul by passively managing and micro-pricing index fund offerings to the masses, or is Vanguard worried about missing a possibly overheated market that its clients find sexier than public equity?
Regards,
Ted
https://www.cnbc.com/2019/07/05/investor-karen-firestone-how-vanguard-could-potentially-shake-up-this-closed-market.html

Karen Firestone BIO:
She spent 22 years at Fidelity Investments, most recently as a diversified fund manager of Destiny 1 Fund, the Large Cap Fund, Advisor Large Cap Fund, and several institutional non-profit and pension funds. Prior to that, Karen managed several sector funds, including the Leisure and Entertainment Fund, the Media Fund, Air Transportation Fund, Transportation Fund, Biotechnology Fund, and Health Care Fund. Karen’s Fidelity career began in 1983 as an assistant fund manager to Peter Lynch on Magellan Fund. Later, she moved to an analyst role in the research department covering numerous industries. She was twice named to the Institutional Investor Best of the Buy Side All Star team.
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