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Rating:American Beacon Brings a Subadvisor Across the Pond Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, March 06, 2017

American Beacon Brings a Subadvisor Across the Pond

Reported by Katy Golvala

Gene Needles went to London to find his next subadvisor.

Gene Needles
American Beacon
Chairman, President and Chief Executive Officer
American Beacon plans to launch the American Beacon TwentyFour Strategic Income Fund with London-based TwentyFour Asset Management as the subadvisor, per a recent SEC filing.

Spokespeople from both American Beacon and TwentyFour declined to comment.

The fund is expected to launch at the beginning of April, and based on the current offerings in TwentyFour's suite, it will be TwentyFour's first foray into the U.S. market, MFWire has learned.

Founded in 2008 and led by CEO and founding partner Mark Holman, TwentyFour specializes in fixed income investment strategies.

Though the SEC filing doesn't specify TwentyFour's ownership structure, Vontobel Asset Management, a division of the Zurich-based bank, Vontobel, acquired a 60 percent stake in TwentyFour in March of 2015. In Europe, Vontobel also owns stake in one more fixed income shop, Zurich-based Fixed Income Boutique; two equities boutiques; and three multi-asset shops.  

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