The diversified portfolios will also include private assets
On 15 April, Tuesday, US financial services giants Wellington Management, Vanguard and Blackstone announced the sugnature of a strategic alliance for granting retail investors the access to sophisticated multi-asset diversified portfolios that include listed and private assets for generating higher yields (press release).
The partnership leverages on Wellington’s experience in asset allocation, Vanguard’s alpha and beta seeking low-cost products and funds and Blackstone’s leadership in alternative asset manager and provider of private markets solutions.
Jean M. Hynes, ceo of Wellington Management, said: “Vanguard and Wellington worked together for 50 years while admiring Blackstone’s capabilities. We believe the unique combination of our investment expertise and renowned brands will enable us to offer investors comprehensive asset class exposure in easy-to-access investment solutions. We look forward to expanding these partnerships over time to meet the evolving needs of clients.”
Greg Davis, Vanguard chairman and cio, added: “Vanguard’s expertise in active and indexed strategies helped our clients achieve investment success for five decades. Vanguard’s world-class active fixed income team combines top-down economic and market insights with bottom-up, research-driven stock selection to consistently generate alpha. In addition, Vanguard is an industry pioneer with extensive experience in offering low-cost index funds. Through this unique partnership with Wellington and Blackstone, we are once again helping clients achieve investment success and changing the way investors access public and private markets.”
Jon Gray, Blackstone chairman and coo, pointed out: “Blackstone pioneered the way individual investors access private markets and today we are proud to join forces with Wellington and Vanguard, two of the world’s leading asset managers, to further expand the benefits of such products. This initiative builds on our proven track record of making institutional quality investments available to individuals, with the power of Blackstone’s scale and expertise across all asset classes.”
