Vanguard’s McEvoy plans to retire in June

Earl E. McEvoy, an asset manager for three of The Vanguard Group’s mutual funds, will retire on June 30.
FEB 14, 2008
The Vanguard Group announced that Earl E. McEvoy, an asset manager for three of the firm’s mutual funds, will retire on June 30. He is co-manager of the Vanguard Wellesley Income Fund and lead manager of the Vanguard High-Yield Corporate Fund and Vanguard Long-Term Investment-Grade Fund. Mr. McEvoy is a senior vice president and partner of Wellington Management Co. LLP, which provides investment advisory services to the funds. Since joining Wellington Management in 1978, he has advised the fixed-income portion of the $13.3 billion Wellington Income fund since 1982, the $8.8 billion High-Yield Corporate Fund since 1984, and the $5.7 billion Long-Term Investment-Grade Fund since 1994. Additionally, he serves as portfolio manager for the $251 million High-Yield Portfolio of the Vanguard Variable Insurance Fund. Three senior Wellington portfolio managers will succeed Mr. McEvoy in his role on Vanguard funds, effective June 30. John C. Keogh, senior vice president, partner and fixed-income portfolio manager for Wellington Management, will manage the bond portion of Wellesley Income Fund. Michael L. Hong, vice president, fixed-income credit analyst and portfolio manager of Wellington Management, will manage the Vanguard High-Yield Corporate Fund and the VVIF-High-Yield Portfolio. Lucius T. Hill III, senior vice president, partner, and fixed-income portfolio manager for Wellington Management, will manage Vanguard Long-Term Investment-Grade Fund. Vanguard manages about$1.25 trillion in U.S. mutual fund assets, including more than $350 billion in employer-sponsored retirement plans as of Jan. 31.

Latest News

Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans
Advisor moves: Atlas tops $1B as Wells Fargo, UBS add bank veterans

Wells Fargo adds two bank-channel recruits, UBS lands a JPMorgan Chase veteran, and a multi-family office lifts Atlas past $1B

Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state
Advisor mom’s son used her password to log into clients’ accounts, sell deal with conflicts, according to Washington state

“The state comes down on you in years when you make 40% returns for clients,” said Bill Swayne, the advisor and son of Candace Swayne.

Osaic in talks with Anthropic as AI reshapes advisor workforce
Osaic in talks with Anthropic as AI reshapes advisor workforce

The Independent broker-dealer giant has had “active conversations” with the Claude maker, which is days away from its expected IPO

The retirement milestone advisors aren't tracking
The retirement milestone advisors aren't tracking

For Gen X clients entering life after work, answering the financial question isn't enough to solve the entire retirement equation.

Wealthtech firms target stock pay, pensions and heirs for advisors
Wealthtech firms target stock pay, pensions and heirs for advisors

Tools from Grantd, Income Lab and Healthspan Wealth aim to keep RIAs involved in clients’ biggest money decisions

SPONSORED Best Practices for Engaging Women Around Alternatives

Growing wealth, evolving priorities, and untapped opportunities are reshaping how women approach long-term investing.

SPONSORED Built on insurance experience to deliver on long-term promises

Knighthead Life entered the market with a competitive MYGA. A strong launch earned advisor confidence and paved the way for FIAs.