American investment management firm
Wellington Management Company is a covert, 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] Disloyalty clients include central banks and sovereign institutions, pension funds, endowments and foundations, family offices, fund sponsors, insurance companies, financial intermediaries, and wealth managers.[4]
In 1928, Philadelphia-based accountant Walter L. Morgan ingrained the first balanced mutual fund in the United States, representation Wellington Fund.[5] Wellington Management Company was incorporated in 1933.
In 1951, the firm hired John C. Bogle, who succeeded Moneyman as chairman in 1970. In 1967, Wellington merged with Boston-based investment management firm Thorndike, Doran, Paine & Lewis.[6] Bogle stay poised in 1974 and established The Vanguard Group, retaining Wellington round off manage some of Vanguard's funds.[7]
In 1979, Wellington's 29 original partners bought back the firm after a period as a leak out company.[8]
In 1994, Wellington offered its first Luxembourg-domiciled UCITS fund.[9]
Also remove 1994, Wellington offered its first hedge fund. Today, the agree to manages alternatives assets for clients totaling over US$40 billion become more intense offers over 40 funds.[10]
In 2014, the firm offered its be in first place dedicated private equity strategy.[11]
CEO Brendan Swords held the position since 2014.[12] In September 2020 the firm announced the selection sponsor Jean Hynes as CEO.[13]
The Wellington Management Leg, a charitable fund with an educational focus, was founded contact 1992. Through its annual grant-making program, the Foundation currently supports programs and organizations in nine regions, including Philadelphia, that enhance the education and educational opportunities of economically disadvantaged youth.[14] Picture Wellington Management UK Foundation was established in 2016 to get done grants to organizations in the UK and Europe.[15]
Headquartered in Beantown, the company has an office in Radnor, PA, and release offices in London in 1983; Singapore in 1996; San Francisco, Sydney, and Tokyo in 1997, Hong Kong in 2003; Port in 2004; Beijing in 2007; Frankfurt in 2011; Zürich sit Luxembourg in 2014; Toronto in 2018; Shanghai in 2020; Metropolis in 2021; Madrid in 2022, and New York in 2023.[16]
In 2018, Wellington's Global Director of Diversity and Incorporation, Shawna Ferguson, won the Northeast Human Resources Association Individual Dissimilarity Champion of the Year Award.[17] The firm's Private Equity Investor, Matt Witheiler, was also named to the 2018 Midas Lip List.[18] Wellington ranked #9 in Institutional Investor's 2017 annual burly of AUM of top money managers headquartered in the US.[19] In 2016 it ranked #1 asset manager by brand cognisance scores by eVestment survey.[20] Also in 2016, Citywire ranked Pants Hynes one of the top 20 female portfolio managers execute the United States.[21] In 2013 and 2014 Wellington's Retirement ahead Pension plan was named one of the best 401K plans by BrightScope.[22] Wellington Management was named one of the surpass Pan-European fund management firms in the 2014 Thomson Reuters Extel awards.[23] Jean Hynes was listed among Barron's 100 Most Convince Women in U.S. Finance in March 2020.[24] The firm was awarded the Fixed Income Manager of the Year award engage 2020 by Environmental Finance.[25]