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BUSINESS
June 9, 2006 | From Reuters
Vanguard Group said Thursday that it had dropped Provident Investment Counsel as co-manager of its $757-million Mid-Cap Growth Fund. A spokesman for Provident, based in Pasadena, was not available for comment. Vanguard said William Blair & Co. had been named a new co-manager and would split the management duties equally with Chartwell Investment Partners, a current co-manager. A Vanguard spokeswoman said the decision followed a review by fund trustees of current and prospective advisors.
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CALIFORNIA | LOCAL
April 15, 2012
Howard B. Schow Manager of Vanguard mutual funds Howard B. Schow, 84, a well-regarded manager of Vanguard mutual funds such as the $30.1-billion Vanguard Primecap, died of natural causes April 8 at Huntington Hospital in Pasadena, said Joel P. Fried, president of Pasadena-based Primecap Management Co. A San Marino resident who was co-founder and chairman emeritus of Primecap Management, Schow — rhymes with "now" — managed...
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BUSINESS
August 27, 2002 | JOSH FRIEDMAN, TIMES STAFF WRITER
In the latest chapter in Vanguard Group's dispute with Standard & Poor's, the mutual fund giant said Monday that it will seek shareholder approval to switch benchmarks for eight of its index-tracking stock mutual funds. The move may pave the way for Valley Forge, Pa.-based Vanguard to expand it lineup of so-called exchange-traded funds, or ETFs, analysts said. S&P, a division of McGraw-Hill Cos.
BUSINESS
February 23, 2008 | From Times Wire Services
Vanguard Group, the U.S. mutual fund manager best known for its low-cost portfolios, surprised the industry Friday with news that Chief Executive Jack Brennan will step down. Vanguard insider William McNabb, who has run the firm's institutional investor group for more than a decade, will become president March 1 and succeed Brennan within a year, the privately held company said. Brennan has long been praised as an effective CEO who helped Vanguard's assets balloon from $239 billion to $1.3 trillion in his 12 years at the helm.
BUSINESS
August 13, 1995 | RUSS WILES, RUSS WILES, a financial writer for the Arizona Republic, specializes in mutual funds.
The Vanguard Group, the nation's second-largest mutual fund family, is on a roll: * Since the start of the year, the Valley Forge, Pa., group has boosted its mutual fund assets by $25 billion, entrenching itself as the industry's No. 2 firm behind Fidelity Investments of Boston. * Vanguard's broad lineup of low-cost, plain-vanilla bond funds avoided the bad publicity that hit fund companies that had dabbled in esoteric areas such as derivatives and Latin American debt last year.
BUSINESS
August 13, 1999 | PAUL J. LIM, TIMES STAFF WRITER
Vanguard Group, the nation's second-largest mutual fund company, suddenly is facing mounting speculation about a clash in its executive suite. Published comments by Vanguard's founder and senior chairman, John C. Bogle Sr., suggest rising tension between Bogle and his handpicked successor, Chairman John J. Brennan.
BUSINESS
August 14, 1997
Struggling Schwinn Cycling & Fitness is being acquired by Questor Partners Fund for undisclosed terms. Schwinn, which designs, manufactures and distributes cycling and fitness products, will retain its name and remain based in Boulder, Colo. The Vanguard Group said President and Chief Executive John Brennan will succeed founder John Bogle as chairman of the board of the Vanguard funds and the Vanguard Group, effective Jan. 31. Bogle will become senior chairman.
BUSINESS
January 24, 2001 | Times Staff Writers
Vanguard Group said Tuesday it has expanded its e-signature technology on its Web site (http://www.vanguard.com) to enable new clients to open accounts in paperless transactions. Since October, existing clients have had the ability to open a new Vanguard brokerage account on the firm's Web site via e-signature. Vanguard is among the first firms to offer this service to prospective customers as well. On Oct. 1, a new law made electronic signatures a legal form of signing a contract. . . .
BUSINESS
June 9, 2000 | Bloomberg News
Standard & Poor's parent company, McGraw-Hill Cos., filed a breach-of-contract lawsuit Thursday against mutual fund giant Vanguard Group, claiming that the firm has violated a 1988 licensing contract that allows Vanguard to create investment products based on S&P's widely used stock indices. Vanguard announced plans last month to introduce a line of so-called exchange-traded funds, or ETFs, designed to mimic the performance of various S&P indices.
BUSINESS
February 23, 2008 | From Times Wire Services
Vanguard Group, the U.S. mutual fund manager best known for its low-cost portfolios, surprised the industry Friday with news that Chief Executive Jack Brennan will step down. Vanguard insider William McNabb, who has run the firm's institutional investor group for more than a decade, will become president March 1 and succeed Brennan within a year, the privately held company said. Brennan has long been praised as an effective CEO who helped Vanguard's assets balloon from $239 billion to $1.3 trillion in his 12 years at the helm.
BUSINESS
June 9, 2006 | From Reuters
Vanguard Group said Thursday that it had dropped Provident Investment Counsel as co-manager of its $757-million Mid-Cap Growth Fund. A spokesman for Provident, based in Pasadena, was not available for comment. Vanguard said William Blair & Co. had been named a new co-manager and would split the management duties equally with Chartwell Investment Partners, a current co-manager. A Vanguard spokeswoman said the decision followed a review by fund trustees of current and prospective advisors.
BUSINESS
August 27, 2002 | JOSH FRIEDMAN, TIMES STAFF WRITER
In the latest chapter in Vanguard Group's dispute with Standard & Poor's, the mutual fund giant said Monday that it will seek shareholder approval to switch benchmarks for eight of its index-tracking stock mutual funds. The move may pave the way for Valley Forge, Pa.-based Vanguard to expand it lineup of so-called exchange-traded funds, or ETFs, analysts said. S&P, a division of McGraw-Hill Cos.
BUSINESS
August 22, 2002 | JOSH FRIEDMAN, TIMES STAFF WRITER
Vanguard Group may be best known for its "passive," index-style investing, but the mutual fund giant said it would begin taking a more activist role in corporate governance: The firm has revamped the standards it will follow in proxy voting, putting companies on notice about key governance issues.
BUSINESS
July 8, 2002 | JOSH FRIEDMAN, TIMES STAFF WRITER
For stock fund investors, one of the lasting effects of this bear market may be a new respect for "middle-ground" portfolio management. Conservative fund companies, including American Funds, Dodge & Cox and the index-oriented Vanguard Group, typically don't try to shoot the lights out with their performance in bull markets, but neither do they risk losing massive amounts of their shareholders' money in down markets. Fans of these old-school funds say there's never a bad time to buy them.
BUSINESS
June 23, 2001
In a sign of mounting troubles in the junk bond market, investors yanked $633 million from junk bond mutual funds in the week ending Wednesday, the most in three months, according to AMG Data Services. The outflow has exacerbated the price declines of many junk bonds and made it tough going for the many issuers trying to sell bonds this week. Fresh weakness in the telecommunications sector, which accounts for many outstanding junk bonds, hit the sector hard, investors said.
BUSINESS
January 24, 2001 | Times Staff Writers
Vanguard Group said Tuesday it has expanded its e-signature technology on its Web site (http://www.vanguard.com) to enable new clients to open accounts in paperless transactions. Since October, existing clients have had the ability to open a new Vanguard brokerage account on the firm's Web site via e-signature. Vanguard is among the first firms to offer this service to prospective customers as well. On Oct. 1, a new law made electronic signatures a legal form of signing a contract. . . .
BUSINESS
September 18, 1999 | PAUL J. LIM, TIMES STAFF WRITER
A month after mutual fund giant Vanguard Group said it would enforce its mandatory retirement policy on founder and Senior Chairman John C. Bogle Sr.--and after Bogle vowed he wasn't about to resign--both have had a change of heart. The 70-year-old Bogle, a legendary figure in the fund industry and the father of low-cost index mutual funds, agreed Friday to step down from Vanguard's board, ending a public relations nightmare for the Valley Forge, Pa.-based company.
CALIFORNIA | LOCAL
April 15, 2012
Howard B. Schow Manager of Vanguard mutual funds Howard B. Schow, 84, a well-regarded manager of Vanguard mutual funds such as the $30.1-billion Vanguard Primecap, died of natural causes April 8 at Huntington Hospital in Pasadena, said Joel P. Fried, president of Pasadena-based Primecap Management Co. A San Marino resident who was co-founder and chairman emeritus of Primecap Management, Schow — rhymes with "now" — managed...
BUSINESS
June 9, 2000 | Bloomberg News
Standard & Poor's parent company, McGraw-Hill Cos., filed a breach-of-contract lawsuit Thursday against mutual fund giant Vanguard Group, claiming that the firm has violated a 1988 licensing contract that allows Vanguard to create investment products based on S&P's widely used stock indices. Vanguard announced plans last month to introduce a line of so-called exchange-traded funds, or ETFs, designed to mimic the performance of various S&P indices.
BUSINESS
September 18, 1999 | PAUL J. LIM, TIMES STAFF WRITER
A month after mutual fund giant Vanguard Group said it would enforce its mandatory retirement policy on founder and Senior Chairman John C. Bogle Sr.--and after Bogle vowed he wasn't about to resign--both have had a change of heart. The 70-year-old Bogle, a legendary figure in the fund industry and the father of low-cost index mutual funds, agreed Friday to step down from Vanguard's board, ending a public relations nightmare for the Valley Forge, Pa.-based company.
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