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Bogle: Mandates not needed; compensation 'out of control'
trueJohn C. “Jack” Bogle is firmly against mandates when it comes to everything, from setting a single retirement age to requiring that employers set up retirement savings plans to creating a retirement income adequacy target.
Vanguard vaults past Fidelity in total DC assets
trueVanguard jumped past Fidelity to become the largest manager of U.S. defined contribution assets, a post Fidelity had held since 1998, Pensions & Investments' annual survey of money managers shows.
Yale endowment adds $100 million to emerging markets ETF
trueYale University, New Haven, Conn., more than quadrupled its shares in a Vanguard Group emerging markets exchange-traded fund in the first quarter.
SIFMA study responds to stability oversight council
trueAs the U.S. Financial Stability Oversight Council and the Financial Stability Board in Basel consider ways to monitor risk among large money managers, the industry is trying to fill in some of the information gaps.
Vanguard discontinues defined benefit administration services
trueVanguard Group announced on Tuesday it will no longer offer administration services for defined benefit plans in order to expand services to defined contribution plan clients.
Vanguard beats BlackRock, taking in most money in Q1
trueThe Vanguard Group Inc., the third-biggest provider of exchange-traded funds, has gained ground on larger competitors so far this year after gathering more than seven times as much money into its ETFs than the rest of the U.S. industry combined.
Hotckhis & Wiley to manage larger asset pool in Vanguard fund
trueHotchkis & Wiley Capital Management will manage a larger percentage of the $45.7 billion Vanguard Windsor II Fund.
DC plans are slowly increasing their default rates
trueService providers and defined contribution consultants say DC plans are slowly — albeit too slowly — chipping away at the traditional 3% default rate for automatic enrollment.
Vanguard appoints new head of investments for Asia Pacific
trueRodney Comegys was named Vanguard Group's head of investments Asia-Pacific and head of the equity investment group, Asia Pacific.
Fidelity cuts fees on target-date funds
trueFidelity Investments is becoming aggressive in the low-cost battle against index fund giant Vanguard Group.
Co-portfolio manager of Vanguard Precious Metals and Mining Fund stepping down
trueRandeep Somel is now the sole portfolio manager of the $2.4 billion Vanguard Precious Metals and Mining Fund at subadviser M&G Investment Management.
Vanguard names new head of fixed income
trueGregory Davis was named head of Vanguard's fixed-income group.
PIMCO loses world's largest fund title to Vanguard index tracker
trueBill Gross no longer runs the world's largest mutual fund.
Vanguard threatens to ground pilots from making 401(k) trades
trueThe Vanguard Group Inc. has threatened to block future 401(k) trades by a group of Southwest Airlines pilots who subscribe to an investment newsletter, concerned that their large trades are hurting other shareholders.
PRIMECAP co-founder to relinquish portfolio management duties
trueMitch J. Milias, co-founder and chairman of PRIMECAP Management Co., will relinquish his portfolio management responsibilities for the $36.2 billion Vanguard PRIMECAP Fund, the $5.8 billion Vanguard PRIMECAP Core Fund and the $574.8 million Vanguard Variable Insurance Fund's Capital Growth ...