The Unsung Art of Managing the First (Almost) Trillion Dollar Fund

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Most passive investors take for granted that their fund “tracks an index.” Well, that’s actually something of a feat because there’s so much more going on than meets the eye. And it’s all to effectively end up tied with the index. This job isn’t automated, either. Rather, a team of people must work together, playing defense against hedge funds and corporate actions and also offense through securities lending and trading desk acumen. 

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  • TrillionsThe Unsung Art of Managing the First (Almost) Trillion Dollar Fund00:41:25

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    On this episode of Trillions, Eric and Joel — along with Annie Massa, a reporter with Bloomberg News — interview Vanguard’s Gerry O’Reilly. A portfolio manager overseeing many of Vanguard’s biggest funds, including the $940 billion Vanguard Total Stock Market Fund, O’Reilly helped rebate more than $200 million to investors through this unsung art of passive portfolio management. 

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