Wellington Management, an independent investment firm and hedge fund manager, has launched its first interval fund, the Wellington Global Multi-Strategy Fund, which aims to provide positive returns across market cycles while managing risks and minimising volatility and drawdowns.
Led by portfolio manager Roberto Isch, CFA, and supported by an 11-member management team, the fund combines elements of hedge funds and open-end funds, making alternative investment strategies more accessible to a broader base of qualified investors. Designed for long-term investors, it leverages over two decades of Wellington’s multi-strategy expertise, dating back to 2001.
The fund’s structure integrates bottom-up trading strategies with top-down portfolio construction and risk management, aiming to deliver attractive risk-adjusted returns while offering flexibility for capital allocation changes.
The launch underscores Wellington’s expansion into alternative investments for US wealth investors. The firm has traditionally catered to institutional clients with its wide range of strategies in alternatives and private markets.
In a press statement, Mark Sullivan, Wellington’s Head of Hedge Funds, said: “We are introducing a distinct global multi-strategy interval fund to provide wealth clients with access to a valuable portfolio diversifier. This is especially critical today, as traditional diversification strategies have proven less reliable.”
Wellington, which manages $30bn in hedge fund investments as of 30 November, 2024, has over 30 years of experience in alternative strategies. The firm has consistently expanded its offerings, combining the innovation of an alternatives boutique with the scale and stability of a global asset manager.
