June 7, 2005 — Vanguard Group has begun managing part of Vanguard Energy/Investor (VGENX) in-house, and reopened the $6.1-billion fund to new investors today.
Vanguard said on Monday that its quantitative equity group, which uses computer programs to pick stocks, has joined lead manager Wellington Management Co. on the fund. Wellington piloted the fund since its inception in 1984.
Vanguard said it will initially manage “a modest amount of the fund’s current position in short-term reserves,” but over time the company expects to oversee a larger portion of the fund’s assets.