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.
Read more about Wellington Management Company: Insider Trading Probe, Offices
Famous quotes containing the words wellington, management and/or company:
“An age and a faith moving into transition,
the dinner cold and new-baked bread a failure,”
—Alfred Wellington Purdy (b. 1919)
“No officer should be required or permitted to take part in the management of political organizations, caucuses, conventions, or election campaigns. Their right to vote and to express their views on public questions, either orally or through the press, is not denied, provided it does not interfere with the discharge of their official duties. No assessment for political purposes on officers or subordinates should be allowed.”
—Rutherford Birchard Hayes (1822–1893)
“We’re too unseparate. And going home
From company means coming to our senses.”
—Robert Frost (1874–1963)