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Wellcome Trust

Wellcome is a politically and financially independent global charitable foundation. Their strategy includes grant funding, advocacy campaigns and partnerships to find solutions for today’s urgent health challenges.

Country

United Kingdom

AUM

$54

Performance (%, 1YR)

10.20

Chief Executive

John-Arne Rottingen

Chief Investment Officer

Fabian Thehos, Lisha Patel

Chair

Julia Gillard

Asset allocation

8.9% Cash and Bonds

36.3% Public equity

5.5% Equity long/short hedge funds

7% Absolute return

34.1% Private equity

8.2% Property and infrastructure

Website
View the annual report
Global Pension Transparency Benchmark country system description

Asset allocation as of September 30, 2025. All information is as per the most recent annual report or other publicly available data via the fund's website

Top1000funds.com related articles

Wellcome Trust’s cautious approach: Cash pile grows waiting for opportunity

Wellcome Trust is holding nearly 10 per cent of its £37.6 billion portfolio in cash and bonds as it waits for sufficiently interesting long-term investment opportunities to arise - namely a big fall in public equities that would absorb large-scale funds quickly.

Sarah Rundell

March 10, 2025

Wellcome Trust: Hedge funds, property and low allocation to equity delivers

Allocations to property, some hedge funds and holding most of its assets in currencies other than sterling, helped Wellcome Trust withstand the impact of last year's simultaneous decline in prices in equities, government bonds and corporate credit on a scale not seen for many years.

Sarah Rundell

January 17, 2023

External equity: A worry at Wellcome

The £26.8 billion Wellcome Trust continues to reduce its allocation to external equities managers as the investment committee focuses on currency exposures, ESG and hedge funds,the impact of low interest rates and the position of the credit cycle in 2020.

Sarah Rundell

January 20, 2020

Pensions embrace short-term caution

Large pension funds are being cautious in current markets and are looking to "batten down the hatches", a panel of investors told delegates at the Milken Institute Global Conference in LA.

Amanda White

May 08, 2018

Post-Brexit uncertainty reigns

‘Selective optimism’ in UK real estate, infrastructure and other assets characterises investors across Europe as they scramble to tell the genuine opportunities from fool’s gold following Brexit.

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March 15, 2017

Wellcome sterling bet eases Brexit pain

Calling sterling correctly ahead of Brexit and sitting patiently in large caps are key components of Wellcome Trust’s success, which means more money for fighting drug-resistant infections.

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January 25, 2017

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