By Staff Reporters
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The $98 million Vanguard Alternative Strategies Fund (ticker VASFX) will be liquidated in the second quarter of 2023, according to a press release. The fund, which launched in 2015, “has not gained broad acceptance among investors,” Vanguard said.
The liquidation marks the first time that Malvern, Pennsylvania-based Vanguard has shuttered a mutual fund since winding up the NJ Municipal Money Market Fund and PA Municipal Money Market Fund in 2020, a spokesperson confirmed over email. The move follows a brutal year for asset managers as the Federal Reserve’s historically aggressive tightening campaign pummeled both stocks and bonds, driving investors to yank billions of dollars from mutual funds.
CITE: https://www.r2library.com/Resource/Title/0826102549
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Editor’s Note: I visited the Vanguard campus in Malvern PA, while still a medical student in Philadelphia, back in the day. Beautiful and impressive! I learned a great deal on the professional tours and first learned of Gary P. Brinson, L. Randolph Hood. Dr. David Edward Marcinko MBA CMP
MORE: https://medicalexecutivepost.com/2023/02/14/musings-on-a-famous-portfolio-asset-allocation-study-2/
CMP Program: http://www.CertifiedMedicalPlanner.org
COMMENTS APPRECIATED
Thank You
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Filed under: "Advisors Only", Breaking News, Career Development, Financial Planning, Investing, Touring with Marcinko | Tagged: Gary Brinson, Malvern, Randolph Hood, Vanguard, Vanguard Alternative Strategies Fund, VASFX |
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