Vanguard Group named new portfolio managers for three of its mutual funds, including the $5.6 billion Vanguard Strategic Equity Fund (VSEQX).
James Troyer, a principal in Vanguard’s quantitative equity group, replaced Joel Dickson on the Strategic Equity Fund. Dickson has been moved up to direct all of the company’s actively managed quantitative funds.
Donald Kilbride, a vice president of Wellington Management Co., took over the $980 million Vanguard Dividend Growth Fund (VDIGX). He succeeds Wellington vice president Minerva Butler. Wellington, which has managed the fund for Vanguard since December 2002, suggested the change, a Vanguard spokeswoman said.
In addition, two portfolio managers from Chartwell Investment Partners, Mark Cuneen and Edward Antoian, were added to the $620 million Vanguard Mid Cap Growth Fund (VMGRX). They join Evelyn Lapham and John Yoon of Provident Investment Counsel, who have piloted the fund since 1998.
Vanguard also announced that it plans to introduce an actively-managed small-cap stock fund.