Wellington Management, Vanguard and Blackstone have formed a strategic alliance to develop simplified multi-asset investment products that integrate public and private markets and active and index strategies, providing investors access to institutional-caliber opportunities.
The collaboration seeks to broaden access to sophisticated multi-asset portfolios ordinarily available to the largest global institutions, the firms said Tuesday. They aim to develop solutions that can support financial advisors’ efforts to meet clients’ income and growth goals.
The firms expect to announce details in the coming months.
“Vanguard and Wellington have worked closely together for 50 years and have long admired Blackstone's capabilities," Wellington Management CEO Jean M. Hynes said in a statement. "We believe the unique combination of our investment expertise and well-respected brands will enable us to provide investors with comprehensive asset class exposure in easy-to-access investment solutions. We look forward to expanding these collaborative efforts over time to address evolving investor needs."
Vanguard President and Chief Investment Officer Greg Davis said, “Vanguard’s expertise in both active and index strategies has helped our clients achieve investment success for five decades. Vanguard’s world-class active fixed income team combines top-down market and economic insights with bottom-up, research-driven security selection to consistently generate alpha. And Vanguard is an industry pioneer with extensive expertise in offering low-cost index funds. Through this unique collaboration with Wellington and Blackstone, we’re once again helping clients achieve investment success and changing the way investors access public and private markets.”
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