BOSTON, MA & VALLEY FORGE, PA & NEW YORK — Wellington Management, Vanguard, and Blackstone (NYSE: BX) have announced a groundbreaking collaboration aimed at transforming how investors access high-caliber multi-asset investment solutions. The partnership seeks to bridge public and private markets while integrating both active and index strategies to deliver sophisticated portfolios typically reserved for large institutional investors.
This initiative unites the expertise of three industry leaders. Wellington contributes nearly a century of active management and asset allocation experience. Vanguard brings its renowned record of affordable, high-performing active and index strategies developed over five decades. Blackstone, the world’s largest alternative asset manager, adds its 40 years of experience in private markets and its role as a leader in expanding access to alternative investments for individuals.
The firms aim to tackle long-term challenges for investors, such as achieving full diversification and incorporating private assets to improve income and growth potential. Their solutions will be designed to assist financial advisors in delivering robust portfolios to clients, with more details expected in the coming months.
“Vanguard and Wellington have worked closely together for 50 years and have long admired Blackstone’s capabilities,” said Jean M. Hynes, CEO of Wellington Management. “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.”
Greg Davis, Vanguard’s President and CIO, highlighted the firm’s strengths, stating, “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.”
Jon Gray, President and COO of Blackstone, reinforced the importance of this effort. “This initiative builds on our proven track record of making institutional-quality investing available to individuals, with the power of Blackstone’s scale and expertise.”
This strategic alliance marks a significant step in reshaping investment availability, promising to offer broader access to advanced, diversified portfolios designed for long-term growth.
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