There’s been a death in the Vanguard Family. Howard B. Schow, co-founder and chairman emeritus of PRIMECAP Management Company and longtime co-manager of several Vanguard funds, has passed away at 84 years old.
Schow managed portions of five Vanguard funds: PRIMECAP Fund, PRIMECAP Core Fund, Capital Opportunity Fund, the Vanguard Variable Insurance Fund's Capital Growth Portfolio, and the U.S. Opportunities Fund (which is available to non-U.S. investors). The portions of these funds previously managed by Schow have been assumed by his co-managers.