Granahan and Vanguard to Conclude 31-Year Relationship

Jane M. White, CEO

As a boutique small cap specialist, GIM has a deep team and time-tested product offerings, along with the autonomy to ensure we act in the best interests of our clients.

In tandem with GIM’s strategic plan to broaden its reach for the firm’s small cap equity offerings, Granahan Investment Management (“GIM”) announces that it no longer serves as a sub-advisor for Vanguard, including on the multi-managed, $12-billion Vanguard Explorer Fund. GIM managed funds for Vanguard under a founder’s fee arrangement averaging 0.19% since 1985. The amount of assets managed by the firm for Vanguard has lessened over time as GIM gained new clients in its suite of small cap offerings. As of 12/31/2016, GIM oversaw $1.4 billion of the Explorer Fund, down from a peak of $2.7 billion.

GIM’s CEO, Jane White, comments: “All of us at GIM value the long-standing partnership with Vanguard. The best-practices we gained over the years, when combined with our team’s investment expertise, has helped earn GIM global recognition as a small cap equity specialist.”

White continues, “GIM’s talented investment professionals are experts in small cap investing, for both domestic and international equities. We have strengthened the team with key additions over the last five years. Going forward, we are excited to be able to offer more investors our full suite of small cap products – from U.S. micro/small/SMID-cap equities to international and global small cap equity.”

As an employee-owned investment boutique and small cap equity specialist, GIM has over $1-billion in assets under management. The firm offers seven small cap investment strategies, several of which are consistently ranked as top-performers…

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