One of the largest private asset managers in the world, Wellington Management, has placed its trust in the Bank of Cyprus. The investment fund under its management, the Wellington™ Fund, holds a 4.75% stake in the bank.

According to information from Brief, the fund is the oldest mutual fund of Vanguard and offers participation in stocks (approximately two-thirds of the portfolio) and bonds. Another key characteristic of the fund is its wide diversification—it invests in stocks and bonds across all economic sectors. According to the same sources, the fund's investors are seeking long-term growth.

Wellington Management, the fund's manager, is one of the largest private asset managers globally. It takes a long-term approach to investments, innovates, and invests when others withdraw. As stated on the company's website, since 1928, it has followed a strategy where "unique perspectives lead to better investment decisions for our clients and their beneficiaries."

Among its largest clients are central banks, government investment services, and government-backed entities. The company has been working with defined benefit companies for more than 50 years, and today it manages funds for hundreds of corporate and public programs globally.

The company manages $965.33 billion in regulatory assets for 1,591 client accounts. It has been recognized by the SEC as an advisor since 2001 and operates in the jurisdictions of California, Colorado, Connecticut, and 28 other states.

It also provides services to insurance companies, investment firms, charities, high-net-worth individuals, collective investment vehicles, banking or savings institutions, companies or other businesses, pension and profit-sharing plans, government entities, and state and foreign official agencies.

The company does not provide financial planning services to its clients. Aside from advisory services, it does not engage in other business activities.

The assets under management (AUM) stand at $965.33 billion. These assets have increased by 130% since the company’s inception, and $225.22 billion of the total AUM is attributed to clients outside the United States.

The company manages $915.07 billion in segregated accounts and $50.26 billion in non-segregated accounts. On average, client accounts for which investment decisions are made by the clients themselves amount to $578.79 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold about $5.03 billion.

The company primarily invests in financial instruments traded on the stock exchange, which make up 28% of its total AUM. The second largest category of assets is other assets, accounting for 15% of its portfolio. Investments in government bonds represent 8% of the total invested assets.

The advisory firm has multiple revenue sources. Clients pay for its services and products based on a percentage of assets under management, fixed fees, and performance-based fees. The fixed-fee compensation is the most transparent and the one for which the client can securely predict in advance.

The largest client group for Wellington Management Company consists of investment firms, with 240 clients and $503.96 billion in assets under management. Among 13 similar advisory firms, Wellington Management has the 5th lowest percentage of investment firms among all clients.

It also offers defined contribution plans with holistic solutions. Since 1963, it has been working with non-profit organizations of all sizes to meet their investment needs, as well as with insurance companies worldwide. The company was founded in 1818 as a private company managing financial services.

As of November 27, 2023, the Wellington™ Fund manages nearly $98.64 billion in assets, invested in 1,371 different holdings.

The fund has recorded returns of 5.91% in the last year, 4.93% over the last three years, 6.70% over the last five years, and 7.14% over the last decade.

The parent company of the fund is Vanguard, the largest mutual fund provider in the world, although most of its investors are based in the U.S. The company offers a wide range of mutual funds and exchange-traded funds.

It should be noted that the Wellington Fund recently acquired part of the stock package that the investment company CarVal had liquidated.

Lamesa Holdings S.A. (Renova Group) holds 9.27%, however, its investment and accounts have been frozen due to U.S. sanctions against Russia.

One of the largest private asset managers in the world, Wellington Management, trusts the Bank of Cyprus. The investment fund under its management, the Wellington™ Fund, holds a 4.75% stake in the bank.

According to information from Brief, the fund is the oldest mutual fund of Vanguard and offers participation in stocks (approximately two-thirds of the portfolio) and bonds. Another key characteristic of the fund is its wide diversification—it invests in stocks and bonds across all economic sectors. According to the same sources, the fund's investors are seeking long-term growth.

Wellington Management, the fund's manager, is one of the largest private asset managers globally. It takes a long-term approach to investments, innovates, and invests when others withdraw. As stated on the company's website, since 1928, it has followed a strategy where "unique perspectives lead to better investment decisions for our clients and their beneficiaries."

Among its largest clients are central banks, government investment services, and government-backed entities. The company has been working with defined benefit companies for more than 50 years, and today it manages funds for hundreds of corporate and public programs globally.

The company manages $965.33 billion in regulatory assets for 1,591 client accounts. It has been recognized by the SEC as an advisor since 2001 and operates in the jurisdictions of California, Colorado, Connecticut, and 28 other states.