Barrow to Step Down as Manager of the Vanguard Windsor II Fundby
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.