Wellington Management Company
Encyclopedia
Wellington Management Company is one of the largest private, independent investment management
companies in the world. The firm has client assets under management
totalling over US$634 billion, and serves as investment advisor for over 1,900 institutional clients in over 50 countries. Assets are invested using a broad range of asset classes and investment approaches. The company invests in the public equity, fixed income and alternative markets all around the world.
In 1928, Walter L. Morgan
, a Philadelphia-based accountant, established the first balanced mutual fund
in the United States. He established WMC as an innovator and leader in investment management irrespective of the great market crash of 1929. In the 1960s, four investment professionals, W. Nicholas Thorndike, Robert Doran, Stephen Paine, and George Lewis took the leadership of the firm and refocused the business. In 1979, 29 original partners bought back the firm—believing the private form of ownership to be in the best interests of clients.
The company's London office was opened in 1983, Singapore in 1996, Tokyo and Sydney in 1997, Hong Kong in 2003, and Beijing in 2007.
Wellington Management has a significant presence and long-term track record in nearly all sectors of the liquid, global securities markets.
. Wellington directors delivered the unspecified documents to investigators, no comment was made by the company on the information delivered.
Investment management
Investment management is the professional management of various securities and assets in order to meet specified investment goals for the benefit of the investors...
companies in the world. The firm has client assets under management
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
totalling over US$634 billion, and serves as investment advisor for over 1,900 institutional clients in over 50 countries. Assets are invested using a broad range of asset classes and investment approaches. The company invests in the public equity, fixed income and alternative markets all around the world.
In 1928, Walter L. Morgan
Walter L. Morgan
Walter L. Morgan was the founder of the Wellington Fund, the first balanced mutual fund in the United States and one of the oldest surviving mutual funds. Morgan was born in Wilkes-Barre, Pennsylvania where he prepared at the Hillman Academy...
, a Philadelphia-based accountant, established the first balanced mutual fund
Mutual fund
A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors to buy stocks, bonds, short-term money market instruments, and/or other securities.- Overview :...
in the United States. He established WMC as an innovator and leader in investment management irrespective of the great market crash of 1929. In the 1960s, four investment professionals, W. Nicholas Thorndike, Robert Doran, Stephen Paine, and George Lewis took the leadership of the firm and refocused the business. In 1979, 29 original partners bought back the firm—believing the private form of ownership to be in the best interests of clients.
The company's London office was opened in 1983, Singapore in 1996, Tokyo and Sydney in 1997, Hong Kong in 2003, and Beijing in 2007.
Wellington Management has a significant presence and long-term track record in nearly all sectors of the liquid, global securities markets.
Insider Trading Probe
On November 23, 2010, Wellington Management Company turned-over documents solicited by U.S. federal investigators regarding an alleged case of insider tradingInsider trading
Insider trading is the trading of a corporation's stock or other securities by individuals with potential access to non-public information about the company...
. Wellington directors delivered the unspecified documents to investigators, no comment was made by the company on the information delivered.
Offices
- United StatesUnited StatesThe United States of America is a federal constitutional republic comprising fifty states and a federal district...
— BostonBostonBoston is the capital of and largest city in Massachusetts, and is one of the oldest cities in the United States. The largest city in New England, Boston is regarded as the unofficial "Capital of New England" for its economic and cultural impact on the entire New England region. The city proper had...
, MarlboroughMarlborough, MassachusettsMarlborough is a city in Middlesex County, Massachusetts, United States. The population was 38,499 at the 2010 census. Marlborough became a prosperous industrial town in the 19th century and made the transition to high technology industry in the late 20th century after the construction of the...
, San Francisco, Atlanta, ChicagoChicagoChicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
, RadnorRadnor, PennsylvaniaRadnor is a wealthy Main Line township. It is an unincorporated community in Radnor Township of Delaware County and Tredyffrin Township of Chester County in the U.S. state of Pennsylvania. It lies near the communities of Villanova and St...
. - Internationally — BeijingBeijingBeijing , also known as Peking , is the capital of the People's Republic of China and one of the most populous cities in the world, with a population of 19,612,368 as of 2010. The city is the country's political, cultural, and educational center, and home to the headquarters for most of China's...
, Hong KongHong KongHong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, LondonLondonLondon is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
, SingaporeSingaporeSingapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
, SydneySydneySydney is the most populous city in Australia and the state capital of New South Wales. Sydney is located on Australia's south-east coast of the Tasman Sea. As of June 2010, the greater metropolitan area had an approximate population of 4.6 million people...
, TokyoTokyo, ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
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