Fran Kinniry: Applying the Vanguard Approach to Private Equity

The Long View

Morningstar

Finance, Dan Lefkovitz, Amy Arnott, Entrepreneurship, Investing Leaders, Jeff Ptak, Investors, Christine Benz, Influential Investors, Careers, Long-term Investing, Financial Services, Business, Investing, Morningstar

4.5 • 775 Ratings

🗓️ 1 April 2020

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The leader of Vanguard's initiative to offer private equity investing discusses his views on private equity's role in a portfolio, how Vanguard will structure its offering, and why the firm is bringing it out now.

Transcript

Click on a timestamp to play from that location

0:00.0	At Jackson, we've created a digital retirement planning experience with you and mine.
0:05.5	Visit jackson.com to explore our easy-to-understand resources and user-friendly tools
0:10.1	that are designed to enable financial professionals and clients to plan a path to financial freedom.
0:15.5	Jackson is short for Jackson Financial Incorporated, Jackson National Life Insurance Company, Lansing, Michigan,
0:20.5	and Jackson National Life Insurance Company, Lansing, Michigan,
0:24.0	and Jackson National Life Insurance Company of New York, purchase New York.
0:31.5	Please stay tuned for important disclosure information at the conclusion of this episode.
0:37.5	Hi, and welcome to the Longview. I'm Jeff Battack, Global Director of Manager Research at Morningstar Research Services. And I'm Christine Ben's Director of Personal Finance for Morningstar, Inc. Our guest
0:42.1	this week is Fran Canary. Fran is a principal in Vanguard's investment strategy group,
0:47.1	the group that develops Vanguard's investment philosophy, methodology, and portfolio construction
0:51.9	strategies. Fran has been a leading researcher on topics like
0:55.3	capital markets, portfolio design, and investment strategy. He was recently tapped by Vanguard
1:00.8	to lead the firm's initiative to offer private equity investment management to certain
1:05.3	institutional and high net worth clients. Before joining Vanguard in 1997, Fran was a partner and senior portfolio manager
1:12.0	for institutional asset manager, executive investment advisors, and before that was a portfolio
1:17.6	manager for H. Katz capital. Fran is a CFA charter holder and earned his MBA and bachelor's degree
1:24.1	from Drexel University. Fran, welcome to the Longview. Thank you.
1:28.3	So maybe we'll start off just placing you to the context of Vanguard's efforts.
1:33.3	Can you talk just a little bit in practical terms about the work you and your team do and how it fits into the firm's kind of broader ambition, so to speak?
1:43.3	Yeah, sure.
1:44.7	First, as a little background and pretty familiar with the relationship with Vanguard and
1:49.9	Morning Star and my relationship with you, Jeff, and Christine.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Morningstar, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Morningstar and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.