ALT

Alternative Investments

Our alternative investment teams help clients tap into a wide variety of return streams to pursue their return-seeking and risk-mitigation goals.

 
Alternatives assets managed firmwide

USD 32 B*

 
Track record managing alternative investments:

25+ years

 
Clients in our alternative investment approaches:

950+

bridge against sky

Featured content

2021 Alternative Investment Outlook

Among the trends and opportunities we’re focused on: strategies for liquidity-driven drawdowns, cautious optimism in the private equity market, and private companies working to solve climate change.

The alternatives edge

What sets Wellington apart?

Research

Research is a respected career path — not a stepping-stone — giving clients access to what we believe is the most experienced research team in the market.

People

Our portfolio managers are highly specialized and performance-driven. And they stay with us, putting their savvy and skill to work for clients.

Platform

We offer a range of alternative investments, from long/short equity and credit to global multi-strategy and private equity, as well as custom solutions.

Scale

As one of the world’s largest independent investment managers, our scale and resources make us a preferred partner to our clients.

Alternative Investment Research

Find the latest market insights and thought leadership from our alternative investment professionals.

 
APAC Investment Forum 2021
Wellington specialists offer their views on the key themes transforming the investment opportunity set today.
March 2021
APAC Investment Forum 2021
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Bridging the gap in credit portfolios with a long/short strategy
Amid massive changes in the credit market and growing demand for fixed income diversification, the authors explain why long/short credit strategies could help round out a portfolio of traditional and private credit investments.
March 2021
Bridging the gap in credit portfolios with a long/short strategy
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Mission critical: The vital role of alternatives in pursuing investment success
Multi-Asset Strategist Cara Lafond considers three alternatives ideas for the current environment, including private equity vintages that coincide with market downturns; long/short directional strategies that may aid the pursuit of stability across the cycle; and long/short risk-mitigating strategies that complement other diversifiers.
February 2021
Mission critical: The vital role of alternatives in pursuing investment success
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Surviving the stress test: Companies adjusting to the new landscape
The pandemic has forced companies around the world to revisit their business plans and processes. Michael Carmen, co-head of Private Investments, moderates a discussion with three CEOs about how they have been navigating this time of crisis.
January 2021
Surviving the stress test: Companies adjusting to the new landscape
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Shorting stocks in China: The emerging opportunity
Two of our emerging market investors explain why shorting appears to be at an inflection point in the world's second largest equity market, where idiosyncratic conditions may offer a unique environment for generating alpha and diversifying risks.
January 2021
Shorting stocks in China: The emerging opportunity
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Seeing an end to the ESG blind spot in private equity
ESG's role is coming into focus in the private market, says Hillary Flynn, director of ESG, Private Investments. She discusses governance, climate, and other key themes; the higher bar for newly IPO'd companies; and the evolving activist playbook.
January 2021
Seeing an end to the ESG blind spot in private equity
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<em>ESG insights for private companies —</em><br>Governance best practices in public markets
For private companies approaching the public markets, we highlight the corporate governance best practices that can help pave strong relationships with public market investors.
January 2021
ESG insights for private companies —
Governance best practices in public markets
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<em>ESG insights for private companies —</em><br>The critical role of ESG in private equity
We explore why we think ESG factors will become increasingly critical to private companies, especially as they approach the public markets.
January 2021
ESG insights for private companies —
The critical role of ESG in private equity
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People

Meet some of the dedicated members of our experienced alternatives team.
Mark Sullivan headshot
Mark Sullivan headshot

Mark Sullivan, CFA

Head of Alternatives and Portfolio Manager

 

As the head of Alternatives, Mark is responsible for driving the long-term investment performance of the firm’s liquid alternative strategies. He is also the team leader for our Global Macro Team.

 

Michael Carmen, CFA

Co-Head of Private Investments and Portfolio Manager

 

Michael is the team leader for our late-stage growth investment strategies. In addition, he helps to oversee the firm’s private investment business.

 

Shanna O’Reilly

Co-Head of Private Investments

 

As co-head of Private Investments, Shanna helps to lead the expansion and oversight of the firm’s private investment business. She previously served as the chief operating officer of Wellington Alternative Investments.

 

Platform

See the breadth of styles, sectors, and strategies in our alternative investment platform.

 
Hedged Equities icon

Long/short equity strategies
Seek to limit volatility of equity exposure

  • Long/short equity
  • Long/short sector (e.g. financial services, health care, technology)
  • Multi-strategy

Related publication
As the cycle winds down, consider adding to long/short equity

Fixed Income icon

Absolute Return Fixed Income Strategies
Seek to limit exposure to rate and credit cycles

Private Equities icon

Private Equity
Seek capital appreciation through investments in private late-stage growth companies in multiple sectors

Our investment universe includes:
  • Consumer
  • Technology
  • Health care
  • Financial services
  • Biotechnology
Learn more
Multi-Asset icon

Multi-Asset Strategies
Target specific return and risk objectives

  • Alternative risk premia
  • Managed risk
  • Absolute return
  • Portable alpha

Related publication
Understanding the role of alternative risk premia

This is not an all-inclusive list of strategies that may be offered. Investments involve risks including possible loss of principal. This is not to be construed as investment advice or a recommendation to buy or sell any security. Please review important Investment Risks & Definitions.

Scale

We have a long history of leveraging our scale and resources to develop alternative investment strategies based on clients’ evolving needs.

 
Alternative investments timeline
Timeline showing what years funds were started

All figures as of 31 December 2020. *Please note that all alternatives assets are also included in the assets of the Equity, Fixed Income, and Multi-Asset asset-class categories.