Valley Forge-based Vanguard, an investment management company, New York-based Blackstone, an alternative asset manager, and Massachusetts-based Wellington Management, an investment management firm, have formed a strategic alliance to develop simplified multi-asset investment solutions that seamlessly integrate public and private markets, and active and index strategies.
“Vanguard’s expertise in both active and index strategies has helped our clients achieve investment success for five decades,” Greg Davis, Vanguard president and CIO, said. “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.”
Building fully diversified portfolios that incorporate private assets and pursue higher returns is
a long-term challenge investors and the asset and wealth management industry face. Under the collaboration, the companies will broaden access to sophisticated multi-asset portfolios ordinarily available to the largest global institutions and will develop solutions that can support financial advisers’ efforts to meet their clients’ income and growth goals.
The companies will release details on the solution later this year.