VANGUARD: To Liquidate Alternative Strategies Fund (VASFX)

By Staff Reporters


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. 



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


CMP Program:


Thank You




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