Saturday, June 18, 2011

Wellington Management launches new Fund

Boston-based Wellington management has launched a new hedge fund.

The new Fund had $ 26.5 million from 31 investors to 1 June, according to the Securities and Exchange Commission filing made Wednesday.

The Fund was opened to outside investors with a minimum investment of $ 1 million, said archiving.

Wellington management has more than 630 billion dollars in assets under management, making it one of the largest investments in the world.

Wellington did not return a call for comment.

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