Wellington Management Company
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| Type | Private limited liability partnership |
|---|---|
| Founded | Philadelphia, Pennsylvania (1928) |
| Headquarters | Boston, Massachusetts, USA |
| Industry | Investment management |
| Products | Investment management, Mutual funds |
| Website | www.wellington.com |
Wellington Management Company is one of the largest private, independent investment management companies in the world.[citation needed] The firm has client assets under management totalling over US$420 billion, and serves as investment advisor for over 1,600 institutional clients in over 40 countries.[citation needed] Assets are invested using a broad range of asset classes and investment approaches.
In 1928, Walter Morgan, a Philadelphia-based accountant, established the first balanced mutual fund in the United States.[citation needed] He established WMC as an innovator and leader in investment management irrespective of the great market crash of 1929.[citation needed] 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.[citation needed]
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. [1]
[edit] Offices
- United States – Boston, Massachusetts; Marlborough, Massachusetts; San Francisco, California; Atlanta, Georgia; Chicago, Illinois; Radnor, Pennsylvania
- Internationally – Beijing, China; Hong Kong; London, England; Singapore; Sydney, Australia; Tokyo, Japan
[edit] References
[edit] External links
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