Wellington Homepage
Change
Cultivating Talent
Roundtable discussion
Part 1: Evolution of the AI trade
In this discussion, we examine how AI has evolved from a focused technology theme into a broad, cross-industry investment opportunity. As the landscape expands, the panel highlights a shift away from a narrow group of winners toward a more complex market, where identifying differentiated sources of growth and productivity may be key to uncovering value.
Part 2: Out-of-the-box ideas
In this discussion, we examine how AI is being incorporated into investment strategies, particularly within a market-neutral framework. Rather than relying on a simple view of AI winners and losers, the panel highlights the importance of identifying areas of market disagreement — where expectations may diverge from fundamentals — and uncovering differentiated sources of opportunity.
Part 3: Non-obvious ideas in financials
In this discussion, we explore non-consensus opportunities in the AI trade, focusing on sectors beyond traditional technology. The panel highlights a shift away from a binary view of AI winners and losers, pointing out the importance of understanding the underlying drivers of individual businesses — particularly the value of proprietary data and its role in shaping future competitive advantage. The conversation also underscores how AI is creating both efficiency and growth opportunities across financial services, while reinforcing the need for investors to challenge consensus views and identify mispriced opportunities in an increasingly nuanced market.
Part 4: Value of data
In this discussion, we focus on the growing importance of data in the AI investment landscape. The panelists highlight how many businesses hold large amounts of underutilized, unstructured data, representing a significant untapped opportunity for improving efficiency and outcomes. The conversation illustrates how AI can unlock value across entire workflows — from enhancing day-to-day decision making to driving system-wide improvements — reinforcing the broad, real-world impact of AI adoption across industries.
Part 5: Non-obvious market ideas
In this discussion, we explore how to navigate the AI-driven semiconductor cycle, highlighting the tension between strong underlying demand and traditional cyclical valuation pressures. The panelists highlight that while markets may begin to show signs of normalization, sustained demand could extend the cycle beyond historical patterns. The conversation underscores the importance of selective positioning and forward-looking judgment, as investors assess which companies can continue to innovate and benefit from AI despite evolving market expectations.
Part 6: Futures
In this discussion, we reflect on the implications of AI for investing, underscoring the importance of flexibility and humility in a rapidly evolving, narrative-driven market. The panelists highlight how deeper engagement with AI — beyond basic use cases — can unlock meaningful insights and productivity gains, shaping both individual workflows and broader investment perspectives.
Interviews
Mark Sullivan
CFA, CMT – Head of Hedge Fund Group and Portfolio Manager: Building Wellington’s hedge fund platform: Strategy and edge
Building on more than three decades of experience, Mark Sullivan shares how Wellington has evolved its hedge fund business into a globally integrated platform — designed to deliver differentiated strategies, drive performance, and meet diverse client needs.
Leslie Eisen
Head of Long/Short Equities: The talent war in long/short equity
Attracting and developing top talent is a competitive edge — Leslie Eisen shares how Wellington’s platform, resources, and long-term approach empower investors to perform at their best.
Mike Toman
Portfolio Manager: Long/short investing from every angle
Combining disciplined analysis with creative insight, Mike Toman shares how a systematic approach to earnings, risk management, and emerging AI trends helps uncover differentiated investment opportunities.
Josh Lewis
Portfolio Manager: Long/short: A mosaic of conversation
Finding opportunity in divergence, Josh Lewis shares how a disciplined, risk-aware approach — grounded in collaboration — helps uncover mispriced opportunities across technology and consumer markets.
May Yu
Head of Hedge Fund Investor Relations Group: Delivering for clients: Wellington’s hedge fund platform overview
May Yu shares how Wellington’s integrated platform connects global insights, supports investors end-to-end, and helps hedge funds play a strategic role in client portfolios.
Angela Gu
Global Industry Analyst, Hedge Fund Group: Managing insurance risk
Balancing short-term catalysts with long-term fundamentals, Angela Gu explores how evolving insurance markets — and the rise of AI — are reshaping risk, opportunity, and alpha generation in hedge fund investing.
Jordan McNiven
Equity Analyst, Hedge Fund Group: Leveraging insights in energy
Understanding cycles is key to opportunity — Jordan McNiven shares how deep sector expertise and a long-term perspective can help uncover alpha across the evolving energy landscape.
Thibault Nardin
Global Industry Analyst, Hedge Fund Group: The value of teamwork
Collaboration drives better outcomes — Thibault Nardin shares how a globally connected team helps uncover insights, challenge ideas, and potentially generate stronger alpha in financials investing.
Mark Sullivan
CFA, CMT – Head of Hedge Fund Group and Portfolio Manager: Investing is a performance business
Mark Sullivan discusses how success in investing depends on building high-performing teams—drawing lessons from sports—to identify, develop, and integrate talent, with the ultimate goal of delivering strong outcomes for clients.