Babson Capital Management Expands Retail Sales Team
Firm adds Nine Members to U.S. Retail Sales Team
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CHARLOTTE, N.C. - June 18, 2014 (www.investorideas.com newswire) Babson Capital Management, a leading global asset management firm with over $200 billion in assets under management, has added nine members to its U.S. retail sales group, completing a team expansion that began in the fall of 2013.
In September 2013, the firm launched its first two open-end mutual funds, the Babson Global Floating Rate Fund (BXFYX) and the Babson Global Credit Income Opportunities Fund (BXIYX), as part of a global initiative to expand its investment solutions in the wealth advisory channel. The Babson Global Floating Rate Fund seeks to invest primarily in senior-secured loans from below-investment-grade companies that are domiciled in North America and developed European countries. The Babson Global Credit Income Opportunities Fund utilizes an unconstrained investment strategy and seeks returns across a multitude of higher-yielding fixed income and alternative investments.
Over the past several months, Babson Capital has established a new national accounts team in the U.S. and an internal sales desk, which is co-located in Charlotte and Boston. The firm has also added several veteran wholesalers to help provide sales coverage nationally for Registered Investment Advisor (RIA) custodial platforms, wirehouses, independent and regional broker dealers and bank trusts.
"When we began our expansion into the wealth advisory market, we were confident that financial advisors would find Babson's institutional approach to investing both compelling and unique," said Anthony Sciacca, President of Babson Capital Funds Trust and Head of Global Business Development at Babson Capital. "The reception we've received in the market to date validates this premise—investors are seeing the difference in our global, institutional-quality investment products, and we will continue to expand both the team and our product offerings in response to investor needs."
About Babson Capital Management
Babson Capital Management LLC (Babson Capital) is a leading global asset management firm with over $200 billion in assets under management as of April 30, 2014. Through proprietary research, analysis and a focus on investment fundamentals, the firm and its global affiliates develop products and strategies that leverage its broad expertise in global fixed income, structured products, middle market finance, commercial real estate, alternatives and equities. Babson Capital maintains a strong global footprint, with operations on four continents and clients in over 20 countries. Babson Capital is a member of the MassMutual Financial Group. Learn more at www.babsoncapital.com
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ALPS Distributors, Inc. is the distributor for the Babson Capital mutual funds. Shares of the funds will be offered by Babson Capital Securities, LLC, an affiliated broker dealer of Babson Capital Management, LLC. ALPS and Babson Capital Management are separate and unaffiliated.
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