Asset manager Vanguard hits $4 trillion in assets - WSJ report

The Vanguard Group topped $4 trillion (£3.20 trillion) in assets for the first time at the end of January after a year in which it pulled in more money than all of its rivals combined, the Wall Street Journal reported. Vanguard's success points to investors becoming disillusioned with expensive money managers and turning instead to funds that are not actively managed. Vanguard is the second largest asset manager, with BlackRock Inc in first place with more than $5 trillion in assets, the W