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Two Vanguard Mutual Fund Managers To Retire By Middle Of 2016

FYI: Vanguard Group Inc., the world’s largest mutual fund company, said two long-time managers of the firm’s funds, Lucius T. Hill and Karl E. Bandtel, will retire as of June 2016.
Regards,
Ted
http://www.bloomberg.com/news/articles/2015-11-12/two-vanguard-mutual-fund-managers-to-retire-by-middle-of-2016

Comments

  • Impacted funds include VGENX and VWESX.
  • Maybe there are many money managers taking a look down the road they imagine and not much liking what they imagine could happen. And so, having made some very good money for themselves, some are concluding they just don't want to play that rough game anymore. It isn't just the greybeards. Just saw a blimp about Brett Lynn, manager of Janus Overseas, about to walk away from his charge at the end of 2015. He's still a young guy, hitting his prime years, yet he's had enough.

    Just wondering. Given the number of liquidations being reported by The Shadow, there should be no shortage of possible replacements.
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