Wellington Management Company

American investment management firm

Wellington Management Company

Headquarters at Atlantic Wharf

Company type| Private
Industry| Investment management
Founded| 1933; 92 years ago (1933) in Philadelphia, Pennsylvania, US
Founder| Walter L. Morgan
Headquarters| Atlantic Wharf,

Boston

USA

Key people

| Jean Hynes (CEO)
Products| Investment management
Mutual funds
AUM|  US$1.4 trillion (2022)

Number of employees

| 1,922 (2022)
Website| www.wellington.com
Footnotes / references
[1]

Wellington Management Company is a private, independent investment management firm with client assets under management totaling over US$1 trillion based in Boston, Massachusetts, United States.

The firm serves as an investment advisor to over 2,200 institutions[2] in over 60 countries, as of 30 June 2020.[3] Its clients include central banks and sovereign institutions, pension funds, endowments and foundations, family offices, fund sponsors, insurance companies, financial intermediaries, and wealth managers.[4]

## History

[edit]

In 1928, Philadelphia-based accountant Walter L. Morgan established the first balanced mutual fund in the United States, the Wellington Fund.[5] Wellington Management Company was incorporated in 1933.

In 1951, the firm hired John C. Bogle, who succeeded Morgan as chairman in 1970. In 1967, Wellington merged with Boston-based investment management firm Thorndike, Doran, Paine & Lewis.[6] Bogle left in 1974 and established The Vanguard Group, retaining Wellington to manage some of Vanguard's funds.[7]

In 1979, Wellington's 29 original partners bought back the firm after a period as a public company.[8]

In 1994, Wellington offered its first Luxembourg-domiciled UCITS fund.[9]

Also in 1994, Wellington offered its first hedge fund. Today, the firm manages alternatives assets for clients totaling over US$40 billion and offers over 40 funds.[10]

In 2014, the firm offered its first dedicated private equity strategy.[11]

CEO Brendan Swords held the position since 2014.[12] In September 2020 the firm announced the selection of Jean Hynes as CEO.[13]

## The Wellington Management Foundation

[edit]

The Wellington Management Foundation, a charitable fund with an educational focus, was founded in 1992. Through its annual grant-making program, the Foundation currently supports programs and organizations in nine regions, including Philadelphia, that improve the education and educational opportunities of economically disadvantaged youth.[14] The Wellington Management UK Foundation was established in 2016 to make grants to organizations in the UK and Europe.[15]

## Offices

[edit]

Headquartered in Boston, the company has an office in Radnor, PA, and opened offices in London in 1983; Singapore in 1996; San Francisco, Sydney, and Tokyo in 1997, Hong Kong in 2003; Chicago in 2004; Beijing in 2007; Frankfurt in 2011; Zürich and Luxembourg in 2014; Toronto in 2018; Shanghai in 2020; Milan in 2021; Madrid in 2022, and New York in 2023.[16]

## Awards and recognition

[edit]

In 2018, Wellington's Global Director of Diversity and Inclusion, Shawna Ferguson, won the Northeast Human Resources Association Individual Diversity Champion of the Year Award.[17] The firm's Private Equity Investor, Matt Witheiler, was also named to the 2018 Midas Brink List.[18] Wellington ranked #9 in Institutional Investor's 2017 annual ranking of AUM of top money managers headquartered in the US.[19] In 2016 it ranked #1 asset manager by brand awareness scores by eVestment survey.[20] Also in 2016, Citywire ranked Jean Hynes one of the top 20 female portfolio managers in the United States.[21] In 2013 and 2014 Wellington's Retirement and Pension plan was named one of the best 401K plans by BrightScope.[22] Wellington Management was named one of the leading Pan-European fund management firms in the 2014 Thomson Reuters Extel awards.[23] Jean Hynes was listed among Barron's 100 Most Influential Women in U.S. Finance in March 2020.[24] The firm was awarded the Fixed Income Manager of the Year award for 2020 by Environmental Finance.[25]

## References

[edit]

1. ^ "Wellington Management Schedule 13-F (Form ADV)" (PDF). U.S. Securities and Exchange Commission. 12 April 2022. pp. 18, 20.
2. ^ "Wellington Management Announces Close of Biomedical Innovation Fund I at $393M". www.businesswire.com. 2019-11-18. Retrieved 2020-09-08.
3. ^ Kerber, Ross (2008-12-04). "More job losses for Hub's financial sector". Boston.com. Retrieved 2018-04-11.
4. ^ "Wellington Management Group LLP: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2018-04-11.
5. ^ "Wellington Fund Founder Dies". Journal of Accountancy. November 1998. Retrieved 9 September 2014.
6. ^ "The Whiz Kids Take Over (Institutional Investor, January 1968)". Institutional Investor. 5 August 2012. Retrieved 2018-03-29.
7. ^ "How Vanguard Gains From Firm That Fired Founder Jack Bogle". Bloomberg.com. 2016-03-17. Retrieved 2018-03-29.
8. ^ "The Whiz Kids Takeover". Institutional Investor. Retrieved 9 September 2014.
9. ^ "Wellington US Research Eq S $ Acc". Morningstar, Inc. June 30, 1994.
10. ^ "75 Largest Hedge Funds in the World". InvestingPR.com. 2016-12-18. Retrieved 2018-03-29.
11. ^ "Wellington gets into pre-IPO game with new fund". Fortune. Retrieved 2018-03-29.
12. ^ CFA, Brendan Swords (2020-01-03). "Annual message from our CEO". US - Wellington Management. Retrieved 2020-08-14.
13. ^ "Wellington Management picks new CEO". Pensions & Investments. 2020-09-01. Retrieved 2020-09-08.
14. ^ "Wellington Management Foundation Provides $250,000 Catalyst Grant to Steppingstone Scholars in Partnership with GRASP and Penn Engineering". GRASP lab. 2015-09-30. Retrieved 2018-04-11.
15. ^ "WELLINGTON MANAGEMENT UK FOUNDATION :: OpenCharities". opencharities.org. Retrieved 2018-04-11.
16. ^ "Contact us". Wellington Management Company. Retrieved September 8, 2018.
17. ^ "NEHRA D&I Gala 2018 Press Release - NEHRA". www.nehra.com. Retrieved 2018-04-17.
18. ^ Capital, TrueBridge. "The 2018 Midas Brink List: Meet Venture Capital's Up-And-Comers". Forbes. Retrieved 2018-04-17.
19. ^ "2017 America's top 300 money managers". Institutional Investor. 19 September 2017. Retrieved 2018-04-17.
20. ^ "The Importance of Brand Awareness: Quantifying the Impact on Asset Manager Growth" (PDF).
21. ^ USA, Frank Talbot, head of investment research, Citywire (2016-12-06). "Ranking America's top 20 female portfolio managers". CNBC. Retrieved 2018-04-17.`{{cite news}}`: CS1 maint: multiple names: authors list (link)
22. ^ "BrightScope Top 30 401k Plans of 2014 - BrightScope Blog". blog.brightscope.com. Retrieved 2018-04-17.
23. ^ "Thomson Reuters Announces 2014 Extel Survey Results". Retrieved 2018-04-17.
24. ^ Nathan-Kazis, Josh. "Jean Hynes". www.barrons.com. Retrieved 2020-09-08.
25. ^ "Fixed income manager of the year - Wellington Management - Environmental Finance". www.environmental-finance.com. Retrieved 2020-09-22.

## External links

[edit]

* Official website

* v
* t
* e

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|

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* Columbia Threadneedle
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* Neuberger Berman
* NISA
* Northern Trust
* Nuveen
* PGIM
* Principal
* PIMCO
* State Street Global Advisors
* T. Rowe Price
* Vanguard Group
* Wellington Management

EMEA|

| France|

* Amundi
* AXA Investment Managers
* BNP Paribas Asset Management
* Ostrum Asset Management

|

Germany|

* Allianz Global Investors
* DWS Group
* Union Investment
* Universal Investment

Italy|

* Anima Holding
* ARCA Fondi SGR
* Assicurazioni Generali
* Azimut Holding
* Eurizon Capital

South Africa|

* Allan Gray
* Coronation Fund Managers
* Ninety One

UK|

* Abrdn
* Aviva Investors
* Baillie Gifford
* Insight Investment
* Janus Henderson
* Legal & General
* Man Group
* Newton Investment Management
* M&G
* Royal London Asset Management
* Schroders

Others|

* Aegon
* Fidelity International
* GAM
* Robeco

Asia Pacific|

| Australia|

* AMP Capital
* Challenger
* First Sentier Investors
* IFM Investors
* Magellan Financial Group
* Perpetual
* Pinnacle

|

China|

* Bosera Asset Management
* China Asset Management
* China Southern Asset Management
* China Universal Asset Management
* E Fund Management
* Fullgoal Fund Management
* Harvest Fund Management
* ICBC Credit Suisse Asset Management
* Penghua Fund Management
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India|

* Axis Mutual Fund
* ICICI Prudential Mutual Fund
* Kotak Mutual Fund
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Japan|

* Asset Management One
* Mitsubishi UFJ Trust and Banking Corporation
* SPARX Group
* Sumitomo Mitsui Trust Holdings

Korea|

* Mirae Asset Financial Group
* Samsung Asset Management
* Shinhan Asset Management

Others|

* Eastspring Investments

Methodology: By AUM
Category List

* v
* t
* e

Hedge funds

Investment
strategy|

| Arbitrage /
relative value|

* Capital structure arbitrage
* Convertible arbitrage
* Equity market neutral
* Fixed income arbitrage / fixed-income relative-value investing
* Statistical arbitrage
* Volatility arbitrage

|

Event-driven|

* Shareholder activism
* Distressed securities
* Risk arbitrage
* Special situation

Directional|

* Convergence trade
* Commodity trading advisors / managed futures account
* Dedicated short
* Global macro
* Long/short equity
* Trend following

Other|

* Fund of hedge funds / Multi-manager

Trading|

* Algorithmic trading
* Day trading
* High-frequency trading
* Prime brokerage
* Program trading
* Proprietary trading

Related
terms|

| Markets|

* Commodities
* Derivatives
* Equity
* Fixed income
* Foreign exchange
* Money markets
* Structured securities

|

Misc|

* Absolute return
* Arbitrage pricing theory
* Assets under management
* Black–Scholes model (Greeks: delta neutral)
* Capital asset pricing model (alpha / beta / security characteristic line)
* Fundamental analysis
* Hedge
* Securitization
* Short
* Taxation of private equity and hedge funds
* Technical analysis

Investors|

* Vulture funds
* Family offices
* Financial endowments
* Fund of hedge funds
* High-net-worth individual
* Institutional investors
* Insurance companies
* Investment banks
* Merchant banks
* Pension funds
* Sovereign wealth funds

Governance|

* Fund governance
* Standards Board for Alternative Investments
* Managed Funds Association

* Alternative investment management companies
* Hedge funds
* Hedge fund managers
* List of hedge funds

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