BOSTON (AP) — Tim Buckley may be today's most influential fund industry leader, measured by his impact on how Americans' retirement funds are invested.
In January, he became chief investment officer at Vanguard, the largest mutual fund company ranked by assets. Buckley reports to CEO William McNabb, but has a bigger impact on investment policy. He oversees about $2 trillion in Vanguard's stock, bond and money-market funds.
Buckley, 43, joined the Valley Forge, Pa.-based company in 1991 as assistant to Vanguard's chairman at the time, John Bogle, the index mutual fund pioneer who founded the company. Buckley led the Vanguard unit specializing in products for individual investors before being promoted this year. He's just the second CIO in Vanguard's nearly four-decade history. His predecessor, George "Gus" Sauter, became the first CIO in 2003.
Buckley says he's open to adjusting the company's fund lineup and services, but doesn't expect any changes that might conflict with Vanguard's focus on low-cost funds.
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