From Cornerstone to Barings
Babson Capital Management has now completed the integration of four Massachusetts Mutual Life Insurance Company (MassMutual) institutional affiliates announced earlier this year. Babson Capital Management LLC and its subsidiaries Cornerstone Real Estate Advisers LLC, Wood Creek Capital Management LLC and Baring Asset Management Ltd are now operating as a unified company under the Barings name. The new global asset manager has $275 billion (€245 billion) of client assets under management across the range of asset classes.
“This merger marks an exciting moment in our history,” comments Tom Finke, chairman and CEO 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.”