The Vanguard Group removed John A. Levin & Co. Inc. as one of the managers of its $4.3-billion Vanguard Equity Income/Investor (VEIPX).
Under the new structure, current advisors Wellington Management Co. LLP and Vanguard Quantitative Equity Group have assumed responsibility for the $800-million portion of the fund previously managed by Levin.
Wellington Management remains lead advisor, overseeing 60% ($2.6 billion) of the fund’s assets. Vanguard manages the remaining 40% ($1.7 billion).