Vanguard’s move into PE may change the landscape forever

Private equity has been growing in popularity in recent years as more and more big-name funds and institutional investors dive in. Now even indexing giant Vanguard is out to take a piece of the PE pie. During a panel at the Morningstar Investment Conference this year, Fran Kinniry of Vanguard, John Rekenthaler of Morningstar and Chadd Evans of Altera Investments discussed private equity.

Q2 2020 hedge fund letters, conferences and more

Should Vanguard move into PE?

Rekenthaler wrote an article for Morningstar in which he questioned Vanguard's move into PE, saying that the firm was offering what sells today instead of what will benefit investors tomorrow. He noted that PE is...