Babson Capital next in short duration high yield fund launch flurry

Babson Capital Management has completed the initial public offering of its global short duration high yield fund. It began trading on the New York stock exchange on Friday.

  • 30 Oct 2012

The fund comes at a time when several asset managers launch short-dated high yield products, among them Prudential Investments, as reported in EuroWeek on Monday, and Aviva, Pictet and AllianceBernstein.

Babson raised $462.5m in its share offering, excluding a greenshoe option for underwriters Bank ...

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