In the Margins

Vanguard's Bogle: The 'accidental emperor'?

December 7, 2017

By Bloomberg

Vanguard Group founder Jack Bogle, 88, who’s widely regarded as the father of the index fund, insists he didn’t intend to create an empire. "I was never in this business to build a colossus, but as I have told people many times, I was too stupid to realize if we gave investors the best deal they would ever get, I’d be building a colossus,” Bogle said in an interview on Bloomberg Television. “And so here we are, on the way to a 25% market share of mutual fund assets—something that no one has ever achieved.” Read the original story from Bloomberg

 

 

Most Read

A Seat at the Table
Thrivent forms board to oversee new interval fund

Thrivent Financial is entering the interval fund business and has assembled a new board to oversee its first offering, the soon-to-be-launched Thrivent Church Loan & Income Fund. ...

Top of the Agenda - Legal
PIMCO 36(b) case dismissed

The parties in a 2014 lawsuit accusing PIMCO of overcharging Total Return Fund shareholders while lavishly compensating CIO Bill Gross and CEO Mohamed El-Erian agreed this week ...