Its investment objective is to provide long-term capital appreciation while limiting exposure to general stock market risk.
The fund’s long/short, market-neutral investment strategy is an absolute return investment approach seeking performance that exceeds the returns of three-month Treasury bills, Vanguard said.
The product requires a minimum initial investment of $250,000 for investor shares and $5 million for institutional shares.
Axa Rosenberg, an independently operated subsidiary of Axa SA, manages $142 billion of total assets. Vanguard Quantitative Equity Group oversees $25 billion of active quantitative equity fund assets.
Vanguard Group manages nearly $1.3 trillion of mutual fund assets in the United States, including more than $325 billion of employer-sponsored retirement plans. It offers more than 140 funds to U.S. investors and 180 to foreign investors. a
