Babson Capital Management (Babson) was a money management firm based in Springfield, Massachusetts. Established in 1940, the firm along with its subsidiary provided investment management services to individuals and institutional clients. The firm offered a wide range of absolute return, co-investing, financing and customized mandates utilizing equity, fixed-income and derivative instruments. It also managed hedge funds for its clients. Babson was merged with other MassMutual subsidiaries in 2016 to form Barings, and is no longer operating.