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The Vanguard Group, Inc. is an American registered investment advisor founded on May 1, 1975, and based in Malvern, Pennsylvania, with about $10.1 trillion in global assets under management as of September 2024. [3]
In 1967, Wellington merged with Boston-based investment management firm Thorndike, Doran, Paine & Lewis. [6] Bogle left in 1974 and established The Vanguard Group, retaining Wellington to manage some of Vanguard's funds. [7] In 1979, Wellington's 29 original partners bought back the firm after a period as a public company. [8]
In 2004, the Vanguard Primecap fund had a return of 300% in the last 10 years compared to the S&P 500 index of 186%. In 2008, Primecap funds held up far better than other growth funds despite the 2007–2008 financial crisis. In 2014, all Primecap managed funds landed in the top 20% of their peer groups over the past five years.
From 2001 to 2006, Buckley was Chief Information Officer, and from 2006 to 2012, he was head of the Retail Investor Group. He became Chief Investment Officer when Gus Sauter retired in 2013. [10] In 2017, Vanguard's Board of Directors unanimously elected Buckley to succeed F. William McNabb III as Chief Executive Officer, effective January 2018 ...
John Clifton "Jack" Bogle (May 8, 1929 – January 16, 2019) was an American investor, business magnate and philanthropist. He was the founder and chief executive of The Vanguard Group and is credited with popularizing the index fund.
The fund's 0.10% expense ratio is also significantly lower than many actively managed technology funds. The Vanguard Information Technology ETF's top holdings include major industry players like ...
For many years he served as the company's president alongside John C. Bogle who was Vanguard's founder and CEO. When Bogle stepped down from his chairmanship in 1996, Brennan was his hand-picked successor. [3] He also was chairman of the Investment Company Institute, a trade organization representing mutual fund companies. [2]
State Street Global Advisors (SSGA) is the investment management division of State Street Corporation founded in 1978 and the world's fourth largest asset manager, [2] with nearly US$4.1 trillion in assets under management as of December 31, 2023. [3]