Barings LLC

This article is about the asset management firm in Massachusetts. For the defunct British firm, see Barings Bank.

Barings
Company typeSubsidiary
IndustryFinancial services
Founded1762 (1762)[1]
HeadquartersCharlotte, North Carolina
Area served
Worldwide
Key people
Mike Freno[2][3][4]
(chairman and CEO)
ProductsAsset management
AUMUS$481+ billion (December 2025)[5]
OwnerMassMutual Financial Group
Number of employees
2,000+ employees globally[6]
ParentMassachusetts Mutual Life Insurance Company
Websitewww.barings.com

Barings LLC is a global investment management firm owned by Massachusetts Mutual Life Insurance Company (MassMutual). It operates as a subsidiary of MassMutual Financial Group, a diversified financial services organization.[7]

As of December 31, 2025 Barings held US$481+ billion in assets under management.[8] Barings has over 2,000 professionals and 34 offices around the globe.[6]

Services

Barings is a global asset management firm that works with institutional, insurance and intermediary clients to provide excess returns across public and private markets in fixed income, real assets and capital solutions.[9]

History

Main articles: Barings Bank and Baring family

Barings, originally established as a firm of merchants and merchant bankers, was formed in London in 1762.[1]

In the 1950s, Barings realised the potential of asset management and set up its own investment department in 1955.[10][11] 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.[12] In 1989, Barings combined all of its asset management activities within Baring Asset Management Limited, headquartered in London.[13] 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.[14] It was then bought for £1 by ING Group, a Dutch bank.[15]

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.[16][17] Northern Trust acquired Baring Asset Management’s Financial Services Group.[18]

In September 2016, MassMutual merged Babson Capital Management, Wood Creek Capital Management, Cornerstone Real Estate Advisers, and Baring Asset Management to form Barings.[6]

Timeline

  • 2010 – Baring Asset Management wins the Queen’s Award for Enterprise 2010 in the International Trade Category[19]
  • 2012 – 250th Anniversary[20]
  • 2013 – Baring Asset Management completes acquisition of SEI Asset Korea Co., Ltd (SEIAK)[21]
  • 2016 – Barings is formed after MassMutual merges Babson Capital Management, Wood Creek Capital Management, Cornerstone Real Estate Advisers and Baring Asset Management.[6]
  • 2018 - Barings Acquires Triangle Capital Corporation (Renamed Barings BDC INC.)
  • 2020 - Barings BDC Closes Merger with MVC Capital
  • 2021 - Barings BDC closes merger with Sierra Income Corporation
  • 2022 - Barings Acquires Altis Property Partners

References

  1. ^ a b Tony Tassell (November 17, 2004). "Final Step in Dismemberment of BAM". UK: Financial Times. Retrieved October 10, 2013.
  2. ^ Choudhury, Saheli Roy (April 25, 2019). "Barings CEO: We 'won't be going to Russia anytime soon'". CNBC. Retrieved June 11, 2020.
  3. ^ "PIMCO, GoldenTree Execs Warn of Investing's New Table Stakes". Institutional Investor. Retrieved June 11, 2020.
  4. ^ Shaffer, Leslie (September 17, 2017). "Where big money investors are putting their fixed income dollars". CNBC. Retrieved June 11, 2020.
  5. ^ "Barings.com". www.barings.com. February 5, 2022. Retrieved January 10, 2024.
  6. ^ a b c d "Who We Are". Barings. September 17, 2025.
  7. ^ "MassMutual to buy Baring Asset unit". UK: BizJournal. November 20, 2004. Retrieved June 20, 2013.
  8. ^ "Barings Website - About Us". www.barings.com. June 30, 2021. Archived from the original on February 8, 2020.
  9. ^ "Who We Are". Barings.
  10. ^ "Risks and Rewards: Merchant banking". UK: Risk and Rewards. Retrieved June 20, 2013.
  11. ^ "Timeline (1950s)". UK: The Baring Archive(charity). Archived from the original on October 14, 2013. Retrieved October 10, 2013.
  12. ^ "Baring Asset Management". UK: Invest offshore directly. Archived from the original on September 30, 2013. Retrieved June 20, 2013.
  13. ^ "Timeline (1989)". UK: The Baring Archive(charity). Archived from the original on October 14, 2013. Retrieved October 10, 2013.
  14. ^ "Implications of the Barings Collapse for Bank Supervisors" (PDF). Reserve Bank of Australia. 1995. Archived from the original (PDF) on September 1, 2007. Retrieved November 18, 2007.
  15. ^ Howard Chua-Eoan (2007). "The Collapse of Barings Bank, 1995". Time. Archived from the original on November 16, 2007. Retrieved November 16, 2007.
  16. ^ "ING ends link with Baring name". UK: BBC News. November 22, 2004.
  17. ^ "Business: MassMutual to buy part of Barings business". Boston.com. November 23, 2004.
  18. ^ "ING sells Baring Asset Management". Financial News. November 22, 2004.
  19. ^ "Award Winners – Baring Asset Management Limited". UK: The Queen’s Awards for Enterprise Magazine. Archived from the original on June 21, 2013. Retrieved June 20, 2013.
  20. ^ "Barings celebrates 250th anniversary". UK: Actuarial Post. Retrieved June 20, 2013.
  21. ^ "Barings Enters Korea's Asset Management Market". UK: The Wall Street Journal. April 16, 2013. Retrieved June 20, 2013.

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
This article is issued from Wikipedia. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.