Wellington Launches Hedge Fund

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.

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