Talk:Wellington Management Company

The 2nd paragraph under "John C. Bogle's connection with Wellington" was hard to read. I found the original quote and reworded to hopefully something more clear. The book is on Google, the following lengthy link will goes to the exact location of the quote:

http://books.google.com/books?id=cmzUplh0OXQC&pg=PA4&lpg=PA4&dq=money+began+to+pour+out+of+our+funds&source=bl&ots=JxB2vVdXD_&sig=SfUdk1a_85wUmJWK-mBJjfuqvsk&hl=en&ei=bezvTM34H4LGlQfoyPT0DA&sa=X&oi=book_result&ct=result&resnum=2&ved=0CBkQ6AEwAQ#v=onepage&q=money%20began%20to%20pour%20out%20of%20our%20funds&f=false

I added a reference using Amazon.com (referral tag added). --LadyGeek 12:36, 26 November 2010 (EST)

Linda S. Wolohan's email
In full except for a salutation and her contact information. I'm going to draw on this to make some minor edits to the article.

Thanks again for your email and the opportunity to clarify the situation with Wellington Management Company. It's OK to post this email on the Bogleheads forum.

The Bloomberg article is correct. Wellington serves as an investment advisor to 19 Vanguard portfolios representing approximately $175 billion in assets. The full list of funds appears below; included are four annuity mutual funds managed by Wellington.

As the article notes, Wellington, along with a number of other investment management firms, has received a request for information from government officials with respect to trading activity. To be clear, this reported request for information and documents should not be construed as implying wrongdoing by Wellington. For example, such requests can sometimes be rather broad and sweeping in their nature, directed to industry participants as a way to gather information regarding industry practices and behavior. Whatever turns out to be the case in this instance, you should know that any request for information that may be directed to Wellington would have no direct impact on shareholder assets or the value of Vanguard mutual funds managed by Wellington. The performance of the funds is driven largely by the financial markets and the specific holdings of particular funds.

Vanguard maintains a comprehensive and rigorous oversight process of our external advisors, which are subject to several levels of controls and regulation to protect the interests of Vanguard fund shareholders. As such, Vanguard remains fully confident in Wellington and the investment advisory services provided by the firm to our clients. We will continue to monitor the situation and report to shareholders on any future developments.

Here's the complete list of Vanguard funds managed by Wellington:

Vanguard Capital Value Fund (VCVLX) Vanguard Dividend Growth Fund (VDIGX) Vanguard Energy Fund (VGENX) Vanguard Equity Income Fund (VEIPX) Vanguard Explorer Fund (VEXPX) Vanguard GNMA Fund (VFIIX) Vanguard Health Care Fund (VGHCX) Vanguard High-Yield Corporate Fund (VWEHX) Vanguard International Explorer Fund (VINEX) Vanguard Long-Term Investment-Grade Fund (VWESX) Vanguard Morgan Growth Fund (VMRGX) Vanguard U.S. Growth Fund (VWUSX) Vanguard Wellesley Income Fund (VWINX) Vanguard Wellington Fund (VWELX) Vanguard Windsor Fund (VWNDX) Vanguard Variable Insurance Fund - Balanced Portfolio (annuity version of Wellington Fund) Vanguard Variable Insurance Fund - Equity Income Portfolio (annuity version of Equity Income Fund) Vanguard Variable Insurance Fund - Growth Portfolio (annuity version of U.S. Growth Fund) Vanguard Variable Insurance Fund - High Yield Bond Portfolio (annuity version of High Yield Bond Portfolio)

Let me know if you need anything else. -- Linda

Linda Wolohan, APR Vanguard Public Relations

(above was entered by User:Nisiprius 16:47, 29 November 2010) --LadyGeek 17:42, 29 November 2010 (EST)