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 |
|
Friday, August 13, 2010 Vanguard's Decision Attracts Media Attention Vanguard's [see profile] decision to give Axa Rosenberg the boot as sub-advisor to three mutual funds [see The MutualFundWire's coverage] was picked up by numerous media outlets including The Wall Street Journal. Chris McIsaac, who runs Vanguard's portfolio review department, was quoted in the WSJ as saying that "there was no one issue" that triggered the move. He said Vanguard evaluates money managers on criteria such as personnel and performance, among others. Meanwhile, an AXA Rosenberg representative told the pub that "we don't believe it's appropriate to comment on any specific client decision. We highly value the relationship we have with Vanguard and respect their choice." Printed from: MFWire.com/story.asp?s=33132 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |