Vanguard Group is launching a private-equity fund, a striking move for the money manager that built a brand on the back of low-cost funds for everyday investors. The new fund is part of Chief Executive Tim Buckley’s push to broaden the Malvern, Pa.-based company’s appeal as a financial adviser for larger investors. With Mr. Buckley at the helm, the firm with $6.2 trillion in assets under management has pressed beyond the index-fund business it is best known for and further into the advisory business. It has also added more...

Source: Wall Street Journal February 05, 2020 13:30 UTC