Jim Barrow Passes The Torch On Vanguard Windsor II Fund

By

Vanguard
The Vanguard campus in Malvern.

Managing the same fund successfully for 30 years is without a doubt a stunning achievement, and it is one James P. Barrow has well earned as the portfolio manager of the $45.7 billion Vanguard Windsor II Fund. Managing the large-cap value fund since its inception in 1985, Barrow will pass the torch at the end of the year and transfer his portfolio management responsibilities to co-managers, Jeff G. Fahrenbruch, CFA, and David W. Ganucheau, CFA.

As the founding partner and executive director of of Barrow, Hanley, Mewhinney& Strauss, LLC, one of the fund’s five investment advisors, Barrow is one of Vanguard’s longest-tenured portfolio managers. While he is withdrawing from his activities on Windsor II, he will remain actively involved in other Barrow-Hanley investment activities and will continue working as the portfolio manager of the $9.5 billion Vanguard Selected Value Fund.

Vista Today Bill McNabb Chester County Business News
Bill McNabb—Photo via Bloomberg.

“Jim Barrow embodies what Vanguard values in a portfolio manager, a clear approach executed with conviction, discipline, and patience, along with a commitment to delivering results to investors over the long term,” said Chairman and CEO of Vanguard, Bill McNabb. “Jim is a brilliant investor and is a true partner in every sense of the word. I wish to thank him for his stewardship of our clients’ assets and for playing an integral part in the success of Windsor II over three decades.”

Vanguard and Barrow partnered to develop the multi-manager approach to fund management, which has resulted in well-diversified, risk-controlled portfolios with the potential to produce higher than average returns over time.
Barrow is leaving Windsor II with steady leadership as his successors represent the next generation of investment professionals and both have already been managing Windsor II for over two years.

Despite the change in management, there will be no impact to investors in the Windsor II Fund, as its objectives, strategies, philosophy, and overall portfolio management process will remain the same. The allocation of the fund’s assets among its four remaining advisors: Hotchkis and Wiley Capital Management, LLC, Lazard Asset Management LLC, Sanders Capital, LLC, and the Vanguard Quantitative Equity Group will remain unchanged.

Barrow is also going to step down from managing the $1.1 billion Diversified Value Portfolio of Vanguard Variable Insurance Fund at the end of the year, leaving it in the very capable hands of Fahrenbruch and Ganucheau.

Connect With Your Community

Subscribe to stay informed!

"*" indicates required fields

This field is for validation purposes and should be left unchanged.
Advertisement
Creative Capital logo