W2R
Moderator Emeritus
Given that I have a certain degree of faith that vanguard wont throw a bunch of idiots at the task and they have a nice selection of asset classes, I expect they'll invest reasonably towards the stated goals.
You may have already seen this - - from the VGPDX management page,
To me it sounds like Buek will manage the fund and make the decisions, and he will be advised by the more general Vanguard Quantitative Equity Group folks. All seem to be experienced and probably not idiots. It would be nice if it more clearly specified what Buek has done during the last 21 years other than "Worked in investment management". Maybe he worked managing another fund at Vanguard.Vanguard Quantitative Equity Group
Firm Description
Launched in 1975, The Vanguard Group, Malvern, Pennsylvania, is among the world’s largest equity and fixed income managers. As chief investment officer and managing director, George U. Sauter oversees Vanguard’s Quantitative Equity and Fixed Income Groups. Since joining Vanguard in 1987, he has been a key contributor to the development of Vanguard’s stock indexing and active quantitative investment strategies. The Quantitative Equity Group manages indexed and structured equity portfolios covering U.S. and international markets. It has developed sophisticated portfolio construction methodologies and efficient trading strategies to deliver returns that are highly correlated with benchmarks. The group has advised Vanguard Managed Payout Growth and Distribution Fund since 2008.
Investment Manager Biography
Michael H. Buek, CFA, Principal
- Portfolio manager.
- Advised the fund since 2008.
- Worked in investment management since 1987.
- B.S., University of Vermont.
- M.B.A., Villanova University.