MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, May 24, 2005 Big Apple Firm Lands Slot with Vanguard Fund New York-based Donald Smith & Co. has been added as a subadvisor to Vanguard Group's $2.9 billion Selected Value Fund. The new firm joins Barrow, Hanley, Mewhinney & Strauss, a Dallas, Texas-based value manager with approximately $40 billion in assets. Donald G. Smith, chief investment officer, and Richard L. Greenberg, senior portfolio manager will manage their firm's portion of the fund. The firm will begin managing a "modest portion" of the fund, over time managing a larger portion, said John Demming, Vanguard spokesman. Typically, to minimize tax consequences, Vanguard directs existing cash and new cash flows to new subadvisors, added Demming. Printed from: MFWire.com/story.asp?s=9755 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |