Friday, 30 January 2015
Last updated 14 hours ago
Jan 18 2012 | 11:13am ET
Babson Capital Management finds itself drawn inexorably to credit markets, an inclination it has no plans to deny.
The MassMutual subsidiary plans to increase its multi-strategy fund's exposure to debt, fund manager William Awad said. The five-year-old fund will invest between 5% and 10% of its assets in credit.
"If you look at debt spreads versus equities, debt spreads seem attractive now compared to historical averages," Awad told HFMWeek.
Which is not to say that Babson is abandoning stocks. To the contrary, the firm plans to team with sister MassMutual affiliate Baring Asset Management to co-manage the portfolio.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…