Wellington exec who managed Vanguard fund to retire

Edward P. Owens, senior vice president and partner at Wellington Management and portfolio manager of the $22.4 billion Vanguard Group Health Care Fund, will retire effective Dec. 31, confirmed Vanguard spokeswoman Linda Wolohan.

Wellington subadvises the fund.

Jean M. Hynes, senior vice president at Wellington and associate portfolio manager of the fund, will succeed him as portfolio manager when Mr. Owens retires.

Mr. Owens did not return a phone call by press time.