Barings has announced plans to consolidate its funds into its owner MassMutual Investments brand.
Barings said that centralising the funds would allow it to “leverage MassMutual’s scaled fund business for improved operational efficiencies and position the MassMutual Funds complex for continued growth”.
Pending shareholder approval, the proposed transaction will add $1.7bn in Barings funds to those of MassMutual, which will cumulatively total $69bn in assets across 115 funds. Barings will act as a subadviser for the consolidated funds, building on the $6.6bn they currently subadvise for the MassMutual Funds.
Channels:Managers