BABSON CAPITAL MANAGEMENT LLC Profile
Babson Capital Management LLC is an investment management firm based out of Boston, Massachusetts. The company was originally established in 1940 by David L. Babson as David L. Babson & Co. and has expanded from its inception to now have locations in New York, Charlotte, Hartford, Los Angeles, Cambridge, and Springfield. The Babson Capital Management would become highly regarded as a growth equity investment management firm and would be acquired by the Massachusetts Mutual Life Insurance Company in 1995. The company would officially adopt the Babson Capital Management name in 2004 and continues to operate as a subsidiary of Massachusetts Mutual Life Insurance today. Babson Capital Management is headed by Chairman and CEO Thomas Michael Finke has grown to have 622 employees of which 253 are investment professionals. The company conducts its research internally and utilizes both bottom up and top down investment approaches with fundamental and quantitative methodologies to make its investment decisions. Babson Capital Management invests in the public equity, fixed income, and alternative markets on a global scale, focusing on the growth and value stocks of micro to large cap companies. The company invests most heavily in the finance sector, which alone makes up almost a third of its total asset allocations, and also invests in the information technology, consumer discretionary, energy, health care, and industrials sectors, among others to a lesser degree, in order of decreasing allocation. Babson Capital Management holds over $156 billion in total assets under management spread across 188 accounts, all of which are discretionary accounts except for 4 that make up $4.3 billion of its managed assets. The company mainly caters to pooled investment vehicles and corporations, each of which make up approximately a third of its client base, and also caters to insurance companies, banks, pension and profit sharing plans, charities, investment companies, and state or municipal entities. Babson Capital Management offers its Global Floating Rate, Global Credit Income, and Opportunities mutual funds.