By GuruFocus, Contributor Edward Owens left his Vanguard Health Fund at the end of 2012 after an illustrious career. The $23.1 billion fund has returned 16.46% on average annually since inception in 1984, outdoing its benchmark Spliced Health Care Index benchmark’s 10.71% and every other U.S. equity mutual fund, according to Bloomberg. Jean M. Hynes, CFA, a Wellington senior vice president, partner and global industry analyst with the firm since 2008, succeeds him in leading the fund. In the fourth quarter, Owens’ last at the fund, he bought no new stocks but added to preexisting holdings. His largest increases were: Agilent Technologies (A), Allscripts-Misys Healthcare Solutions (MDRX) and Teva Pharmaceuticals Ltd. (TEVA). …read more
Source: FULL ARTICLE at Forbes Latest