Mar 19, 01:15 PM

Barings Sues Nomura-Backed Corinthia for Major Employee Raid, Halts New Investments in $1.7T Market

Investment manager Barings has initiated legal action against Nomura-backed Corinthia Global Management, a private credit asset manager, after Corinthia allegedly poached more than 20 employees from Barings. This move has prompted Barings to pause new investments across its private credit funds as it transitions to new leadership. The lawsuit is being described as one of the largest corporate raids in recent years, highlighting the intense competition for experienced talent in the $1.7 trillion private credit market.

#Barings #Nomura #Corinthia Global Management #Corinthia

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