Masters in Business From Managing Portfolios to Running an Organization with Mike Freno
20 snips
Jan 23, 2025 Mike Freno, Chairman and CEO of Barings LLC, shares insights from his nearly two-decade journey at the firm, detailing his evolution from portfolio management to leadership. He discusses the transformation of Barings post-MassMutual acquisition and the significance of corporate culture in integrating diverse teams. Freno emphasizes 'confident humility' as essential in investment leadership and explores the impacts of AI on asset management. His emphasis on mentorship and the importance of fundamental finance principles provides valuable career guidance for aspiring finance professionals.
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Career Shift
- Mike Freno's career began in accounting, later transitioning to a controller role at a startup hedge fund.
- This shift exposed him to trading and analysis, sparking his interest in distressed debt and event-driven strategies.
Accounting for Distressed Assets
- A strong accounting background provides a valuable foundation for distressed asset investing.
- Understanding financial statements allows investors to identify sustainable businesses and potential risks.
Global Leadership
- Leading a global company requires adapting management styles to different cultural contexts.
- While core values remain consistent, approaches may vary across regions and teams.
