Charles Freeman, 60, the head portfolio manager of the $19 billion Vanguard Windsor Fund, will retire at the end of June.
Freeman is a senior vice president and partner in Wellington Management, which is responsible for investment advisory services for about 70% of the funds assets. He has served as lead portfolio manager of the fund since 1996.
Freeman was also the portfolio manager of the Vanguard Capital Value Fund. David R. Fassnacht, who has worked closely with Freeman on the Windsor fund, will lead the team responsible for Wellingtons portion of the two funds responsibilities, after Freemans retirement.
Fassnacht has worked as an equity research analyst on the Windsor fund with varied sector responsibilities since 1991, the firm said.