Wellington Management Company: Difference between revisions
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==Insider Trading Probe== |
==Insider Trading Probe== |
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On November 23, 2010, Wellington Management Company turned |
On November 23, 2010, Wellington Management Company turned over documents solicited by U.S. federal investigators regarding an alleged case of [[insider trading]]. Wellington directors delivered the unspecified documents to investigators, no comment was made by the company on the information delivered.<ref>{{Citation | last = Wee | first = Gillian | title = Wellington Said to Get Document Request From U.S. in Insider-Trading Probe | newspaper = [[Bloomberg L.P.|Bloomberg]] | date = November 23, 2010 | url = http://www.bloomberg.com/news/2010-11-23/wellington-said-to-get-document-request-from-u-s-in-insider-trading-probe.html}}</ref> |
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==Offices== |
==Offices== |
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Revision as of 09:05, 11 June 2013
 | This article contains wording that promotes the subject in a subjective manner without imparting real information. (April 2010) |
 | This article needs additional citations for verification. (December 2008) |
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| Company type | Private limited liability partnership |
|---|---|
| Industry | Investment management |
| Founded | Philadelphia, Pennsylvania (1928) |
| Headquarters | Boston, Massachusetts, USA |
| 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$758 billion, and serves as investment advisor for over 2,100 institutional clients in over 50 countries.[1] 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.[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.[2]
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 trading. Wellington directors delivered the unspecified documents to investigators, no comment was made by the company on the information delivered.[3]
Offices
- United States — Boston, Marlborough, San Francisco, Atlanta, Chicago, Radnor.
- Internationally — Beijing, Hong Kong, London, Singapore, Sydney, Tokyo.
References
- ^ Wellington Management - Overview, retrieved 2011-04-07
- ^ Kerber, Ross (December 4, 2008), "More job losses for Hub's financial sector", The Boston Globe
- ^ Wee, Gillian (November 23, 2010), "Wellington Said to Get Document Request From U.S. in Insider-Trading Probe", Bloomberg
External links
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