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Vanguard Shakes Up Fund Managers, Drops Lazard and Brings In Oakmark
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Vanguard Shakes Up Fund Managers, Drops Lazard and Brings In Oakmark
VALLEY FORGE, PA — Vanguard said it is overhauling the investment advisory lineups for Vanguard Windsor II Fund and the Vanguard Variable Insurance Fund – Diversified Value Portfolio, removing Lazard Asset Management and reallocating assets to new and existing managers. Under the changes, Lazard will no longer manage assets for either fund. Vanguard will shift Windsor II’s assets previously overseen by Lazard to Harris Associates, operating as H…
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