The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:MassMutual Makes Moves Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, February 22, 2006

MassMutual Makes Moves

by: Marie Glancy

MassMutual Financial Group said Wednesday that it controlled a record $395.9 billion in assets at the end of 2005. This amount represents a 22 percent increase over the 2004 year-end figure of $326 billion.

Springfield, Massachusetts MassMutual Financial Group is a marketing designation for Massachusetts Mutual Life Insurance Company and its affiliates, which include OppenheimerFunds, Babson Capital Management, Baring Asset Management, and others.

In a statement, company President and CEO Stuart H. Reese attributed healthy growth to important steps taken by MassMutual over the course of the year. He cited "improving efficiencies, reducing costs, expanding product offerings, building our capital base ... and enhancing our corporate governance structure" among these factors.

Last month the insurer also swapped assets between its two mutual fund units with the aim of sharpening the focus of each. As part of the swap, OppenheimerFunds took over the mutual fund assets previously advised by Babson.

The move will allow Babson to focus as a "portable alpha" manager for the high networth market and institutional market, a MassMutual executive told the MFWire.com.

Meanwhile, OppenheimerFunds will become the sole focus of the insurer's retal mutual fund efforts.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2024: Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use