Transamerica, Wellington Offer Diversified Growth Fund

Transamerica Asset Management and Wellington Management have partnered to offer the Transamerica WMC Diversified Growth Fund, the first and only U.S. mutual fund based on Wellington’s diversified growth strategy, which has amassed $6.5 billion in separately managed accounts.

Wellington will sub-advise the fund, with Paul E. Marrkand as lead portfolio manager of the three-person portfolio management team. Marrkand, senior vice president at Wellington, has 28 years of investment experience and has managed the strategy since 2005. Transamerica will handle distribution, which will take place within the financial institution, wirehouse and independent planner channels.