Vanguard Fund Plans Change in Portfolio Management

Sykes has worked closely with Hynes since joining Wellington’s health care team in 2007.

During Hynes’ tenure as a portfolio manager, the Health Care Fund has outperformed its benchmark by more than 1.6% per year, and fund assets have doubled to $48 billion from $23 billion, according to Vanguard.

She will continue to serve as a resource to Sykes and the broader Wellington health care team, the fund giant said.

“I am confident that the fund’s shareholders are in good hands with Rebecca Sykes at the helm,” Hynes said in a statement.

Skyes “is an experienced and extremely skilled investor and a great example of the depth of Wellington Management’s investment talent. I’m excited to see her take over as the fund’s lead portfolio manager,” Hynes added.

(Shown in photo: Jean Hynes and Rebecca Sykes)