Babson Capital adds to team in Charlotte

Babson Capital has added three positions in Charlotte as it beefs up its retail sales team.

The hires come a few months after the company, which has about $200 billion in assets under management, launched two new mutual funds. One is targeting senior loans in below-investment-grade companies in one of its new funds. The other has a wider-ranging strategy in higher-yield fixed income and alternative investments.

Babson added nine people total between Charlotte and Boston to support the retail sales team.