A Mutual Fund Star (Remember Those?) Calls It Quits

Retiring Vanguard Health Care Fund manager, Ed Owens Photograph by Helen Makadia

Vanguard announced the retirement this morning of Edward P. Owens, who has managed its $22.4 billion Vanguard Health Care Fund since its launch 28 years ago. Owens, 65, had become something of a legend in the world of mutual funds, delivering steady returns on investments in hospitals, HMOs, and drug makers—over a period stretching from mutual funds’ heyday in the 1980s and ’90s to the less glamorous era of today.

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