Vanguard loses portfolio manager, retains ratings
Wednesday, 29 June 2011 12:30pm

Ratings on four Vanguard international equities funds have remained unchanged following the recent departure of portfolio manager Mark Hildebrandt, Standard & Poor's said yesterday.

Vanguard's International Shares Index, International Shares Index Hdgd, International Small Companies and Int Small Companies Index Hdgd funds are all unaffected by the move thanks to a concerted effort to cross-train staff across strategies, S&P said.

Hildebrandt has worked at Vanguard since 2008 and played an important role in the day-to-day management of the funds, S&P said.

He took primary responsibility for the four strategies in March from David Kirby who moved to London, S&P said.

Angus McLeod has now taken the reins of the two large-cap strategies while Jon Burne has assumed management of the small-cap strategies, S&P said.

Simone Gavin, associate in fund services for S&P said the funds all retained their four-star rating, the second highest accorded by the research house.

"Their objective is to consistently meet their index objectives and they have a long track record of doing that," she said. "We have confidence in their team's ability to continue."

Gavin said because the funds were index strategies, they were more process driven, and having the right systems in place meant they were less reliant on any one key person.

"With each member of the team at Vanguard cross-trained on a range of strategies, reliance on any particular person is minimised. This is the reason we are comfortable with the current four star ratings."

S&P also noted that Alla Kolganova, head of equities, would return from parental leave in early July.

Follow the industry experts.
Christopher Page
Christopher Page
Managing Director

Medcraft's appalling speech
I am surprised. More than that, I am astonished, shocked. Last week I was left speechless by the address that the Australian Securities more
Benjamin Ong
Benjamin Ong
Chief Economist

Reflation, rotation and the taper
'Tis being my final type (drivel, to some gentle readers) for the year, we'll take a look back at the 2013 that was to seek the lessons ... read more
Alex Dunnin
Alex Dunnin
Director of Research & Editorial Services

Women-lead companies better for investors
The Australian government end last year released its first Gender Equality Scorecard and while the results are discouraging, a separate ... read more
News Search   
VideoBrought to you by
State Street Global Advisors SPDR S&P 500 ETF
We invite you to watch our latest video program on FSiTV featuring State Street Global Advisors (SSgA) head of SPDR ETFs Amanda Skelly, as interviewed by Mark Smith, deputy editor of Financial Standard. In ... Watch video
Adviser Efficiency
The secret sauce to an enduring adviser-and-client relationship changes from time to time. One minute it's about the adviser's ability to provide expert advice around investments and the next minute, it's ... Watch video
Why Multi-Asset Solutions?
Joe Fernandes, Head of Global Investment Solutions at Colonial First State Global Asset Management talks about the advantages of objective-based investing in the multi-asset space. Watch video
Get it
FREE to your inbox, get the Financial Standard Daily Email.
Get the Free
iPad app
Download the Financial Standard iPad app for FREE
Financial Standard Chief Economists Forum 2015 - Melbourne
Adviser Big Day Out Investment Manager Roadshow-Perth
Adviser Big Day Out Investment Manager Roadshow-Adelaide
Adviser Big Day Out Investment Manager Roadshow-Melbourne
Adviser Big Day Out Investment Manager Roadshow-Brisbane

$245 (inc GST) for 1 year
Copyright © 1992-2015 Rainmaker Group
All material on this site is subject to copyright. All rights reserved. No part of this material may be reproduced, translated, transmitted, framed or stored in a retrieval system for public or private use without the written permission of the publisher.
Link to something vLUaZYFe