Wellington Management (“Wellington”), one of the world’s largest independent investment management firms and a leading global hedge fund manager, announced the launch of its first interval fund, Wellington Global Multi-Strategy Fund (the “Fund”), which seeks to generate consistent and positive returns across market cycles while managing market risk exposure and seeking to minimize drawdowns and volatility. The Fund will be managed by Portfolio Manager Roberto Isch, CFA, who will be supported by an 11-member management team of key leaders across the platform.
As an interval fund, its investment features intersect hedge funds and open-end funds, and its distinct structure enables Wellington to deliver a broad range of alternative investment strategies to a wider base of qualified investors. The Fund is designed primarily for long-term investors and leverages demonstrated multi-strategy experience, dating back to 2001. By combining bottom-up trading strategies with top-down portfolio construction and risk management in an integrated fund structure, the Fund seeks to deliver attractive risk-adjusted returns and provide flexibility with capital allocation changes.
“Multi-strategy approaches are designed to have low correlation with traditional asset classes and provide downside mitigation during difficult market environments,” according to Roberto Isch. “They may be a valuable diversifier to broad equity and fixed income exposure in a client’s portfolio, particularly during periods of market stress when the two can be highly correlated.”
The launch of this Fund marks a significant step in expanding Wellington’s alternative investments platform, emphasizing its dedication to providing high-quality investment products in appropriate vehicles to distribution partners and clients. Wellington already offers a wide range of strategies in alternatives and private markets to institutional investors, in addition to its public markets platform.
“There is increasing demand for alternative solutions, historically available only to institutions, from a growing number of qualified wealth investors,” added Mark Sullivan, Head of Hedge Funds at Wellington. “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. This is particularly important today as traditional sources of diversification and downside mitigation have been less reliable and we believe is why the category is experiencing strong inflows in U.S. Wealth.”
Wellington has over 30 years of hedge fund investment experience and manages $30 billion (as of 30 November 2024) for clients across a range of multi-strategy and long/short approaches. For more than three decades, the firm has been building a broad set of investment capabilities powered by the innovative spirit of an alternatives boutique combined with the resources and stability of a global asset manager. The firm continues to grow in areas that are adjacent to core competencies, and which offer clients differentiated solutions to meet their needs.
