Babson Capital Management Expands Retail Sales Team
Firm adds Nine Members to U.S. Retail Sales Team
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
Brian Whelan, Babson Capital, (704) 805-7244 firstname.lastname@example.org
David Coburn, Luquire George Andrews, (704) 552-6565, (704) 408-4276, email@example.com
Investing involves risk, including the possible loss of principal amount invested. Fixed income investing is subject to interest rate risks. Bond prices and other fixed income product prices generally fall when interest rates rise
Before investing you should consider carefully the Fund's investment objectives, risks, charges and expenses. A prospectus, which contains this and other information, can be obtained by calling 1-855-439-5459. Read the prospectus carefully before investing.
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.
This news is published on the Investorideas.com Newswire and its syndicated partner network
Get free news alerts:
Sign up here
Published at the Investorideas.com Newswire - Big ideas for Global Investors
Disclaimer/ Disclosure:The Investorideas.com newswire is a third party publisher of news as well as creates original content as a news source. Original content created by investor ideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and global syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions and advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers.
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.