New York-listed Pangaea Logistics Solution is the latest public dry bulk owner to draw significant investment from a prominent "long only" institutional investor.
Boston-based Wellington Trust, an arm of Wellington Management, has bought up 2.4m shares, good for about 5.2% of Pangaea, which is a specialist in niche-market and contract trades, a public filing shows.
The number are up from a holding of 1.78m
