American Beacon Advisors'
top brass, led by chairman
and president and CEO Gene Needles
, hosted a press briefing Wednesday morning at the Warwick Hotel in midtown Manhattan.
American Beacon, which in 2008 was acquired by private equity firms TPG Capital and Pharos Capital Group from American Airlines parent AMR Corp., used the event -- its first press
conference -- to promote its two newest funds, both sub-advised by Roger Ibbotson's Zebra Capital.
The American Beacon Zebra Large Cap Equity Fund and
American Beacon Zebra Small Cap Equity Fund launched June 1. American Beacon also assembled a roster of portfolio managers from its other sub-advisors to talk about investment opportunities.
A total of 39 reporters attended the press briefing organized by public relations firm JCPR
Needles, who joined American Beacon in April of last year, told journalists that the Fort Worth, Texas-based
firm currently manages $15 billion
in mutual fund assets. American Beacon manages around $15 billion in its separate account cash business and another $15 billion for American Airlines' corporate pension plans.
"We are experiencing what for us has been good historical net flows at American Beacon, all on the value side of the equation, " Needles told the audience, adding that the firm saw net flows of $800 million.
Other American Beacon officials present at the
event included chief operating officer Jeff Ringdahl
vice president of asset management Wyatt Crumpler
, vice president of sales Brian Brett
, chief fixed income
officer Michael Fields
, and senior portfolio manager
Speakers from American Beacon's sub-advisors included
of Zebra Capital, Steve Carroll
CB Richard Ellis Global Real Estate Securities, LLC,
of Lazard Asset Management, LLC,
of The Boston Company Asset Management, LLC, Paul Psaila
of Morgan Stanley Investment Management, LLC,
of Barrow Hanley Mewhinney & Strauss, LLC, Patrick Kaser
of Brandywine Global Investment Management, LLC, and Jim Miles
of Hotchis & Wiley Capital Management, LLC.
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