Barrow to Step Down as Manager of the Vanguard Windsor II Fund

  • Has worked on the stock fund since it was created in 1985
  • Fahrenbruch, Ganucheau to take over effective Jan. 1

James Barrow, who has managed the $45.7 billion Vanguard Windsor II fund for 30 years, will step down from that role at the end of the year.

He will be replaced on Jan. 1 by Jeff Fahrenbruch and David Ganucheau, who have worked on the management team for the fund since 2013, Vanguard said Thursday in a statement.

“Jim is a brilliant investor,” F. William McNabb, Vanguard’s chief executive officer, said in the press release.

Vanguard Windsor II, a large cap U.S. stock fund, beat 77 percent of peers over the past five years, according to data compiled by Bloomberg. Vanguard, based in Valley Forge, Pennsylvania, manages more than $3.2 trillion, about $330 billion of which is in actively managed stock funds.

Barrow will continue to manage the $9.5 billion Vanguard Selected Value Fund. He, Fahrenbruch and Ganucheau work for Barrow, Hanley, Mewhinney & Strauss, a money management company in Dallas that oversees about 60 percent of the assets in Vanguard Windsor II and Vanguard Selected Value.

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