220 E Las Colinas Blvd. |
Irving, TX 75039
Main Phone: 800-967-9009
Mutual Fund Brand(s)
American Beacon Funds
SEC Fund Filings by CIK
Manager-of-managers American Beacon Advisors is a subsidiary of Resolute Investment Managers, a private equity-backed, multi-affiliate investment management parent company. American Beacon's focus, as chief Gene Needles puts it, is on finding "under-appreciated, under-distributed investment excellence."
American Beacon was born as AMR Investments in November 1986, as a unit of American Airlines parent AMR Corp. Investment officers' success in managing the operating funds of AMR Corp.'s treasury department resulted in the formation of AMR Investments, originally led by Bill Quinn. AMR Investments' no-load mutual fund family, originally called the American AAdvantange Funds, was born in July 1987.
AMR Investments rebranded to American Beacon Advisors in 2005, and the mutual fund family became known as the American Beacon Funds.
In January 2008, Quinn stepped down as American Beacon's president and CEO but stayed on as chairman. In September 2008, AMR. Corp sold American Beacon to Lighthouse Holdings for $480 million. Lighthouse, in turn, was owned by investment funds affiliated with Pharos Capital Group, LLC and TPG Capital.
Private equity firms Kelso & Company and Estancia Capital Management bought American Beacon from Lighthouse in April 2015, and the rumored price tag on the deal was $600 million or more. American Beacon's new holding company, Astro AB Borrowers, eventually rebranded as Resolute in April 2017.
Since the Estancia and Kelso deal, American Beacon has gained three siblings through M&A, and in all three cases the management teams of those siblings retain substantial stakes in their firms:
- -In July 2016 Astro AB bought a minority stake in ARK Investment Management, a New York City-based active ETF shop;
- -In October 2016, Astro bought a majority stake in Crest Investment Partners, now called Alpha Quant Advisors, a Palm Beach-based quantitative, fundamental investing shop; and
-In April 2017, Astro AB rebranded as Resolute and bought a majority stake in Shapiro Capital Management, an Atlanta-based high-conviction fundamental separate account manager.
Chairman and CEO, Resolute Investment Managers / American Beacon Advisors
President, Chief Operating Officer, Resolute Investment Managers / American Beacon
Head of Distribution, VP, Sales, American Beacon
Chief Investment Officer, American Beacon Advisors
Vice President, Legal and Compliance, AMERICAN BEACON ADVISORS, INC.
Vice President, Enterprise Services, American Beacon Advisors
Vice President, Finance and Accounting, American Beacon Advisors
Vice President, Marketing & Client Service, American Beacon Advisors