Vanguard Group hires a smart beta expert from pioneer Research Affiliates
Index investing giant has challenged the marketing of smart beta funds. Now it's turning to someone whose research has helped those funds grow.
The Vanguard Group Inc., which has for years voiced skepticism about the fast rise of exotic index-investing strategies, has hired a top researcher away from one of the best-known promoters of smart beta, Research Affiliates.
Valley Forge, Pa.-based Vanguard, the largest mutual fund firm and the sec
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