went to London to find his next subadvisor.
| Gene Needles|
Chairman, President and Chief Executive Officer
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
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
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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