Vanguard Builds a Fleet of Active Funds to Dominate OverseasBy
New leaders chase global growth as CEO McNabb steps down
Funds will undercut rivals on price without passive strategy
Walking through Vanguard Group’s headquarters in Malvern, Pennsylvania is a lesson in naval history.
Paintings of the 18th-century ship that inspired the company’s name jostle with seascapes and a framed letter from legendary British Admiral Horatio Nelson. Even the campus itself conjures tales of derring-do, with buildings swooping along a shallow curve, as if tracing a galleon from stern to bow…
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