Carol Corley and Dale Bearden were hired by Babson Capital Management as managing directors in the firm's institutional sales group. Ms. Corley will focus on the corporate pension, endowment and foundation markets; Mr. Bearden, intermediary channels. The positions are new. Ms. Corley was a consultant who ran a third-party marketing strategy business, and Mr. Bearden was a senior vice president with Fidelity Investments.