Wellington Management of Boston is dominating the rapidly growing business of sub-advising mutual funds, according to a recent study from Financial Research Corp.

Wellington, with about $105 billion in sub-advised assets under management as of Dec. 31, has 34 percent of the market for sub-advised funds, according to Financial Research Corp., a research company in Boston. Wellington's relationship with the Vanguard Group is responsible for much of Wellington's sub-advised assets. Nearly $89 billion in Wellington's sub-advised assets are in Vanguard funds.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.