Barings LLC, known as Barings, is an international investment management firm owned by Massachusetts Mutual Life Insurance Company (MassMutual). It operates as a subsidiary of MassMutual Financial Group, a diversified financial services organisation.
As of December 2017, Barings held US$304+ billion in assets under management. Barings employs 1,700 people, across 41 offices, in 17 countries.
Video Baring Asset Management
Services
Barings provides investment management services to investors worldwide, with a particular focus on emerging and inefficient markets; asset allocation and specialist fixed income.
Maps Baring Asset Management
History
Barings, originally established as a firm of merchants and merchant bankers, was formed in London in 1762.
In the 1950s, Barings realised the potential of asset management and set up its own investment department in 1955. Clients were corporate clients, sovereign connections, pension funds and charitable institutions. In the 1970s, Barings expanded this business internationally with offices in the Far East, North America and Europe. In 1989, Barings combined all of its asset management activities within Baring Asset Management Limited, headquartered in London. In 1995, Barings Bank, the oldest investment bank in Britain, collapsed as a result of unauthorised trading by its head derivatives trader in Singapore, Nick Leeson, who was imprisoned for six and a half years in Singapore. It was then bought by ING Group, a Dutch bank for £1.
In March 2005, Baring Asset Management was split and Massachusetts Mutual Life Insurance Company (MassMutual) acquired Baring Asset Management's investment management activities and the rights to use the Baring Asset Management name. Northern Trust acquired Baring Asset Management's Financial Services Group.
In September 2016, MassMutual merged Babson Capital Management, Wood Creek Capital Management, Cornerstone Real Estate Advisers, and Baring Asset Management to form Barings.
Recent notable events
2010 - Baring Asset Management wins the Queen's Award for Enterprise 2010 in the International Trade Category
2012 - 250th Anniversary
2013 - Baring Asset Management completes acquisition of SEI Asset Korea Co., Ltd (SEIAK)
2016 - Barings is formed after MassMutual merges Babson Capital Management, Wood Creek Capital Management, Cornerstone Real Estate Advisers and Baring Asset Management.
References
Further reading
- Philip Ziegler, The Sixth Great Power: Barings 1762-1929 (1988). London: HarperCollins Publishers Limited. ISBN 0-00-217508-8.
- John Orbell (1995), Baring Brothers & Co., Limited: a history to 1939. London: Baring Brothers & Company
External links
- Official Website
- The Baring Archive
Source of article : Wikipedia
0 Comments