Wellington Management announces expansion of alternatives investment resources

Ferat Ongoren, portfolio manager, has joined Wellington Management as the newest member of the firm's Alternative Investments team. With more than 25 years of industry experience, he will build on the firm’s long tradition of investment excellence and bring his unique perspective to Wellington’s globally integrated investment platform. Mr. Ongoren will focus on absolute return investing at Wellington – an important area of expansion for the firm – and over time intends to develop traditional and crossover strategies that will invest in public and private global industrial companies. He will be based in Boston, Massachusetts, and report to May Yu, Director of Alternatives, Americas.

Mr. Ongoren joins Wellington from Millennium Management, where he was a Senior Portfolio Manager investing in the global industrials sector. Previously, he was a Managing Director and Industrials Sector Head at Bain Capital Public Equity (BCPE) between 2016 and 2019. As the sole Portfolio Manager, he ran BCPE’s Global Industrials Fund. Before Bain Capital, Mr. Ongoren managed Putnam Investment’s Global Industrials Fund between 2009 and 2016, where he was also an analyst. His experience also includes roles in equity trading, equity research, and investment banking at Citi and its predecessors between 1997 and 2009.