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Vanguard Group
Latest Headlines
Latest Headlines
Vanguard triumphs, while Fidelity struggles
Is anyone surprised that Bloomberg has reported that Vanguard is now the biggest mutual fund company by assets managed? The firm has finally surpassed Fidelity Investments, which has held the title since 1988.
You can spin this several ways. Many will call this the triumph of the passive a
Unions boldly confront big banks
When it comes to anti-Wall Street sentiment, unions are increasingly in the vanguard. The intersection of the two worlds is as unruly as ever, though the two have never really been allies. Unions of course have a vested interest in the well-being of their pensions, and many pensioners have no doub
"Vanguarding" to win customers?
Vanguard ( Vanguard Group news) will launch a new ad campaign that will seek to transform its name into verb. Kind of like Google and Googling. Can this sort of thing be manufactured by media? I doubt the term will enter the lexicon in a meaningful way, but that doesn't mean it will not be effe
The next hedge fund power: Vanguard?
There have been a lot of mutual fund companies gazing longingly at the hedge fund industry--and vice versa. There's apparently a lot of synergy between the two sides. We know this, and yet it is still surprising every time we hear that Vanguard wants to launch a hedge fund. That day seems to be in
Round I, Buffett vs. hedge funds
For all the 2008-generated angst in the hedge fund industry, the fact remains that the average hedge fund fared much better than the average mutual fund. This was driven home by the much-publicized bet that Warren Buffett made. He wagered an S&P 500 fund would outperform a fund of five hedge f
John Paulson invests in Bank of America
In a filing with the SEC, Paulson & Co. disclosed it has made a huge bet on Bank of America. It bought nearly 168 million shares, a stake worth about $2.67 billion. The AP notes the hedge fund is now the fourth largest shareholder, behind State Street Global Advisors, Barclays Global Inves
Who will buy Barclay's iShares?
It was news when Barclays decided to sell its iShares unit, a pioneer in the exchange-traded funds business, to raise sorely needed cash. It has attracted a star-studded list of would-be buyers, the latest of which is Goldman Sachs, according to Reuters . Reportedly, there are some talks underw
Vanguard struggles with U.S. Growth fund
Vanguard has found itself in a bit of pickle regarding its U.S. Growth fund, whose performance has disappointed some recently. Investment News reports that CEO John Brennan sent an angry letter to an investor who complained about the firm, a complaint that Vanguard and its CEO recommended the
Mutual fund industry suffers
These are eye-popping numbers. Retail investors are fleeing equity funds en masse. Even the likes of American Funds and Vanguard saw their assets drop 6.6 percent and 4.3 percent respectively, according to the Financial Times . At places such as Fidelity, customers are shifting into money mark
C&L: Executive Moves
> Merill Lynch appoints Eugene McQuade to head U.S. banks > Craig Lipsay steps down at Merrill Lynch > Christopher Poch , ex of Citigroup, joins LPL > TD Ameritrade founder Joe Ricketts to retire > Putnam taps Jenny Morton as consultant relat
