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