We want to partner with management teams who believe that their greatest successes are ahead of them. Resolute can help unlock their potential.
Irving, TX (PRWEB)
April 20, 2017
American Beacon Advisors, Inc. (“American Beacon”), a leading provider of investment advisory services to institutional and retail markets, announced today changes to the brand identity of its multi-affiliate investment management parent company. The new brand name of the parent company, Resolute Investment Managers, Inc. (“Resolute”), reflects the firm’s partnership with highly distinguished affiliated and independent investment managers. Resolute wholly owns American Beacon and partners with leading boutique asset management firms through minority and majority ownership positions alongside the firm’s employee owners.
“Resolute is focused primarily on what an affiliate’s business can be, not just what it is today,” Gene L. Needles, Jr., Chairman, President and Chief Executive Officer of Resolute, said. “We want to partner with management teams who believe that their greatest successes are ahead of them. Resolute can help unlock their full potential.”
In conjunction with today’s brand announcement, Resolute announced the completion of its majority purchase of Shapiro Capital Management, LLC. The firm becomes the third acquisition under the Resolute banner. Also included are a minority position in ARK Investment Management, LLC (July 2016) and a majority position in Alpha Quant Advisors, LLC (October 2016).
“Today’s announcement allows us to put an identity on the acquisition and affiliate oversight structure of our company,” Jeffrey K. Ringdahl, Chief Operating Officer of Resolute, said. “We offer a unique platform that maintains the independence and autonomy of a boutique and adds the strategic distribution and operational capabilities of Resolute and our sub-advised mutual fund affiliate, American Beacon.”
For more information, visit resolutemanagers.com and follow on Twitter via @resolutemanager.
About Resolute Investment Managers
Resolute Investment Managers is a diversified, multi-affiliate asset management platform with affiliated and independent relationships with more than 40 best-in-class investment managers. Driven by future value creation, Resolute offers a unique platform that delivers strategic benefits through a full suite of distribution, operational and administrative services that may be leveraged by our affiliates. With our roots as an unaffiliated sub-advised mutual fund sponsor, the majority of Resolute’s partnerships are with asset managers who invest and operate with full autonomy and independence.
About American Beacon Advisors
An investment affiliate of Resolute Investment Managers, Inc., American Beacon Advisors,…