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By Javier Simon | December 08, 2016
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Vanguard Taps RS Investments to Manage Mid-Cap Growth Fund
The RS Investments team of Victory Capital Management will oversee Vanguard’s $4.1 billion Mid-Cap Growth Fund. The firm will manage 50% of the fund previously managed by Chartwell Investment Partners.

The RS Investments team utilizes a bottom-up stock research and selection process. Its investment strategy is rooted in deep analysis to identify the drivers of sustainable, long-term growth. Scott Tracy, CFA, chief investment officer of the eight-person RS Investments Growth Team, will serve as co-portfolio manager along with Steve Bishop, Melissa Chadwick-Dunn, and Chris Clark, CFA.

RS Investments adds to Vanguard’s roster of external investment advisory firms, which now total 30.

“Vanguard has a meaningful legacy in the world of active management, stretching back to the 1929 launch of the Wellington Fund,” says Vanguard CEO Bill McNabb. “We seek to select and retain the industry’s leading investment firms and we welcome the addition of Victory’s RS Investments team as a complement to our deep and broad roster of active managers.”

The investment objectives and principal investment strategies of the Mid-Cap Growth fund will remain the same, and Vanguard says it does not expect the expense ratio to be affected by the changes.

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