Vanguard to offer private equity funds to institutions. Will mom-and-pop investors be next?
The move represents a fundamental shift for Vanguard, which has long built its reputation on low-cost mutual and index funds.
Mortimer "Tim" Buckley, CEO of investment giant Vanguard, which said it will begin offering private equity in its suite of funds, starting with large investors such as endowments, pensions, and other institutions.Read moreVanguard
