MassMutual's institutional asset management arms are set to become a single entity, creating a firm with $260bn AUM under the Barings brand.
MassMutual Financial Group, the marketing name for Massachusetts Mutual Life Insurance Company, said it is combining its affiliates Babson Capital Management, including its subsidiaries Cornerstone Real Estate Advisers and Wood Creek Capital Management, with Baring Asset Management to create a multi-asset investment management firm led by Tom Finke, current chairman and CEO of Babson. According to the statement, the firm expects there will be no change in investment leadership, but distribution and marketing capabilities will be combined to support the new firm. Barings rebuilds after...
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