Thursday, 25 August 2016
Last updated 9 hours ago
Jun 20 2011 | 1:57am ET
Asset management giant Wellington Management has a new offering: a hedge fund.
The Boston-based firm, which has more than $600 billion in assets under management, has raised $26.5 million for the new fund, HedgeFund.net reports. As of the beginning of the month, 31 investors had signed up, Wellington said in a regulatory filing.
The Wellington hedge fund features a $1 million minimum investment requirement.