Register  
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.

Blogs
Follow the industry experts.
Christopher Page
Christopher Page
Managing Director

Quality of advice is the real constant
David Murray's Financial System Inquiry (FSI) is due to report in a few days and rumours and speculation on what it will recommend ...read 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

It's all in the coffee mugs
The Future Fund was already Australia's most misunderstood fund even before it released its latest explanatory paper describing its ... read more
News Search   
VideoBrought to you by
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
Introduction to Series #07
What are the key challenges advisers face when building retirement portfolios for clients? Watch Joe Fernandes, Head of Global Investment Solutions at Colonial First State Global Asset Management. Watch video
Colonial First State Multi-Asset Real Return Fund
Find out more about the investment philosophy and objective of the Colonial First State Multi-Asset Real Return Fund. Senior Portfolio Manager, Kej Somaia explains. 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
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
Get it
Daily
FREE to your inbox, get the Financial Standard Daily Email.
Get the Free
iPad app
Download the Financial Standard iPad app for FREE
Industry
Events
NOV
26
DEC
02
FEAL - La Trobe Financial National Achievement Awards
17
Post Retirement Australia 2014 Conference
MAR
25
Digital Marketing for Banking & Financial Services 2015 Summit
DEC
04
AIST/ACFS Research Symposium
FEB
03
Hobart GenXt National Roadshow 2015
News
Bites

$245 (inc GST) for 1 year
 
 
Copyright © 1992-2014 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 ttZ9ja3v