Wellington Management Unveils First Interval Fund
Wellington Management has launched its first interval fund, Wellington Global Multi-Strategy Fund. The fund’s investment features intersect hedge funds and open-end funds and will be managed by portfolio manager Roberto Isch, who will be supported by an 11-member team.
The fund is designed primarily for long-term investors and leverages the firm’s multi-strategy expertise. “Multi-strategy approaches are designed to have low correlation with traditional asset classes and provide downside mitigation during difficult market environments,” said Isch.
The independent investment management firm and global hedge fund manager already offers a wide range of strategies in alternatives and private markets to institutional investors, in addition to its public markets platform.
“We are introducing a distinct global multi-strategy interval fund to provide a broader range of wealth clients exposure to a potentially valuable portfolio diversifier,” added Mark Sullivan, head of hedge funds at Wellington.
Wellington has over 30 years of hedge fund investment experience and manages $30 billion for clients across a range of multi-strategy and long/short strategies. The Boston-based firm manages more than $1.2 trillion, as of 30 November 2024, for pensions, endowments and foundations, insurers, family offices, fund sponsors, global wealth managers, and other clients.