Wellington Management Expands Alts Investment Platform with Interval Fund

Wellington Management expanded its alternative investments platform with the launch of its first interval fund, Wellington Global Multi-Strategy Fund.

The new fund will have the characteristics of both hedge funds and open-end funds, allowing Wellington Management to reach more investors. Wellington Management said the new fund, designed for long-term investors, seeks to provide attractive risk-adjusted returns and flexibility through capital allocation changes. It will be run by portfolio manager Robert Isch, supported by an 11-member management team. 

As of November 30, 2024, Wellington Management had $1.2T of total AUM. The investment and hedge fund manager caters to over 2,500 clients from more than 60 countries.