Wellington prepares $1.9 billion acquisition of Hartford Funds

Wellington has entered negotiations to acquire Hartford Funds. The transaction is valued at approximately $1.9 billion. The deal would bring Hartford Funds under Wellington’s management. Both companies have released statements confirming the intent. Regulatory approval will be required before completion. Shareholders of each firm are expected to vote on the proposal. The acquisition could reshape the asset‑management landscape. Completion timelines have not been disclosed.