CHARLOTTE, N.C., Sept. 12, 2016 (GLOBE NEWSWIRE) — Babson Capital Management announced today that it has successfully completed the integration of four Massachusetts Mutual Life Insurance Company (MassMutual) institutional affiliates (previously announced on March 9). Babson Capital Management LLC, its subsidiaries Cornerstone Real Estate Advisers LLC and Wood Creek Capital Management, LLC, and Baring Asset Management Limited are now operating as a unified company under the Barings name.
The Barings brand and logo have been refreshed, reflecting a modern and forward-looking asset management firm committed to meeting the evolving investment and capital needs of its clients.
“This merger marks an exciting moment in our history, and it enhances our ability to provide comprehensive, innovative solutions to help our clients meet their investment objectives,” commented Tom Finke, Chairman and Chief Executive Officer of Barings. “The new Barings possesses expanded depth and breadth of expertise across the global fixed income, equity, real estate and alternative asset markets. In addition, our integrated global footprint gives us a broader perspective, access to a more-diverse set of opportunities and strengthens our ability to invest across global markets.”
With this integration, Barings becomes one of the world’s largest and most diversified asset management organizations that has:
Within the newly created organization, each investment area will have dedicated leadership:
Roger Crandall, Chairman, President and CEO, MassMutual, commented: “We are extremely pleased to reach this important milestone, bringing together our world-class, institutional asset management affiliates into a unified global asset manager and broadening our offerings and commitment to clients around the world. Importantly, the launch of the ‘new’ Barings builds on the distinctive legacies of these four firms, represents an important strategic step forward that further differentiates us in the marketplace and positions our asset management operations to continue to succeed and lead in the years ahead.”
About Barings, LLC
Barings is a $275 billion* global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative solutions and exceptional service. A member of the MassMutual Financial Group, Barings maintains a strong global presence with over 1,700 employees and 600 investment professionals across 41 offices in 17 countries. Learn more, at www.barings.com.
*As of June 30, 2016.
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