If Napoleon had met this Wellington, Waterloo would have taken on a whole new meaning: sound asset management. Wellington Management oversees investments for more than 2,000 institutional clients in some 50 countries. It has approximately $620 billion of assets under management. Clients include central banks, corporations, retirement plans, endowments, foundations, insurance companies, and investment funds; the firm's investment minimum is $5 million. Most assets under management are invested in stocks and bonds, but alternative investments are also offered. The company has about a dozen offices in the US, Europe, Asia, and Australia. Founded in 1928, Wellington Management is owned by its limited partners.
The company focuses solely on management, utilizing its own proprietary fundamental and quantitative research. It doesn't offer lending, brokerage, or underwriting.
Wellington has a strategy of growing internationally. It manages individual portfolios in more than a dozen currencies. In recent years it has opened offices in Hong Kong and Beijing. In 2011 Wellington opened an office in Frankfurt, Germany.
Founder Walter Morgan named the company after Arthur Wellesley, the 1st Duke of Wellington who defeated Napoleon at the Battle of Waterloo. – less