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Karin Risi

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53

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2025-05-09

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2025-05-09

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1. “Well, and maybe one minor clarification, vast majority of our active fixed income is managed in-house. Wellington does manage one or two active mandates for us still legacy mandates like Jenny May, et cetera. But really, the difference being Vanguard chooses to manage funds in house where we have the talent and expertise to do so and active fixed income. Our bond desk is tremendously deep in talent. Greg Davis, who I know you've had on the show before.”

   2025-05-09 · Masters in Business · Influencing Capital Allocation with Karin Risi · IDENTIFIED FROM THE TRANSCRIPT · source

2. “Well, today I think the number, it fluctuates a bit as we add managers to the stable and part ways with some others, but I think the high watermark was probably in the mid-20s. It's probably down to 22 or 23 now. You have to check with the team. But when I left, I think it was about 22 or 23. Different managers. And given the design of the product and the client need we're trying to meet, we look for the best possible active manager to fill that mandate.”

   2025-05-09 · Masters in Business · Influencing Capital Allocation with Karin Risi · IDENTIFIED FROM THE TRANSCRIPT · source

3. “Of course, for Vanguard, it means investment product development. So I had oversight of our 420 plus. The number's probably even greater now. First mutual funds and increasingly ETFs. And we do, as you know, all of our passively managed products are managed in-house by our investment management group, but are actively managed funds or active equity funds, I should say. We do active fixed in-house, but our active equity funds are subadvised to a stable of investment advisors, and I had purview over that my team's identified and then oversaw and built the relationships with each of those external advisors, firms like Wellington, PrimeCap, et cetera.”

   2025-05-09 · Masters in Business · Influencing Capital Allocation with Karin Risi · IDENTIFIED FROM THE TRANSCRIPT · source