For financial professionals and clients who are looking to add alternatives to their portfolios, the American Beacon Grosvenor Long/Short Fund will offer the potential to increase performance consistency and lower volatility through its flexible mandate.
Irving, Texas (PRWEB) October 01, 2015
American Beacon Advisors, Inc. (“American Beacon”), an experienced provider of investment advisory services to institutional and retail markets, launched the American Beacon Grosvenor Long/Short Fund (Institutional Class: GVRIX, A Class: GSVAX) today.
The American Beacon Grosvenor Long/Short Fund employs a multi-manager structure. The Fund’s primary portfolio manager is Grosvenor Capital Management, L.P. (“GCM Grosvenor”), a leading global provider of investment management and advisory services for alternative investment programs. GCM Grosvenor used its global reach, extensive relationships, and thorough due-diligence process to select the Fund’s additional sub-advisors, who are each experienced and successful long/short equity investors.
“Providing our clients access to alternative sources of diversification has been a focus for American Beacon as we’ve looked to evolve our product line, and our collaboration with GCM Grosvenor, one of the world’s most experienced and well respected hedge fund investors, on this new fund is another example of that strategy at work,” Gene L. Needles, Jr., President and Chief Executive Officer of American Beacon said. “For financial professionals and clients who are looking to add alternatives to their portfolios, the American Beacon Grosvenor Long/Short Fund will offer the potential to increase performance consistency and lower volatility through its flexible mandate.”
“For 45 years, GCM Grosvenor has set the standard as one of the world’s largest and most diversified allocators to alternative investments, and we are very pleased to bring that capability to investors focused on mutual funds through this partnership with American Beacon,” said Michael Sacks, Chairman and CEO of GCM Grosvenor. “Our specialized investment team is among the largest and most experienced in the industry, and this fund’s underlying hedge fund managers have strong capabilities in long/short investing. This is a tremendous opportunity to deliver an exciting investment solution to the marketplace.”
The American Beacon Grosvenor Long/Short Fund is the third alternatives product launched by the company since August 2014. The other alternatives products include the American Beacon AHL Managed Futures Strategy Fund and the American Beacon Ionic Strategic Arbitrage Fund.
About American Beacon Advisors
Established in 1986, American Beacon is an experienced provider of investment advisory services to institutional and retail markets. American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors, as well as retail clients. The firm also provides corporate cash management and fixed-income separate account management.
American Beacon manages the American Beacon Funds, a series of competitively priced mutual funds. The Funds employ a “manager of managers” investment style and currently include international and domestic equity, fixed-income and money market funds. As of June 30, 2015, American Beacon Advisors had $61.6 billion in assets under management. For more information, go to http://www.americanbeaconfunds.com or follow on Twitter via @AmBeacon.
About GCM Grosvenor
GCM Grosvenor, headquartered in Chicago, Ill., is one of the world’s largest and most diversified independent alternative asset management firms. The firm has been managing alternative investment portfolios on behalf of its clients since 1971. As of June 30, 2015, GCM Grosvenor manages approximately $51.1 billion in assets. Of that amount, more than $27 billion is invested with hedge fund managers, which enables the firm to negotiate favorable portfolio structures and reduced management fees.
You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus and summary prospectus contain this and additional information regarding the Fund. To obtain a prospectus or summary prospectus, please contact your financial advisor, call (800) 967-9009 or visit americanbeaconfunds.com. The prospectus and summary prospectus should be read carefully before investing.
Important Information: All investing involves risk including the possible loss of principal. The Fund’s strategy of investing in a variety of long/short strategies entails certain risks including that the lead sub-advisor’s judgments about allocation between such strategies, as well as the selection of the sub-advisors and their subsequent individual investment decisions, may not perform to expectations resulting in the Fund’s underperformance or even losses versus other similar funds. Because the Fund may invest in fewer issuers than a more diversified portfolio, the fluctuating value of a single holding may have a greater effect on the value of the Fund. The Fund may have high portfolio turnover risk, which could increase the Fund’s transaction costs and possibly have a negative impact on performance. Investing in small- or medium-capitalization stocks may involve greater volatility and lower liquidity than larger company stocks. Investing in foreign securities may involve heightened risk due to currency fluctuations and economic and political risks. Investing in derivative instruments involves liquidity, credit, interest rate and market risks and in some cases the addition of financial leverage which can magnify these risks. Short sales involve special risks, including greater reliance on the sub-advisor’s ability to accurately anticipate the future value of a security or instrument; the Fund’s losses are potentially unlimited in a short sale.
Please see the prospectus for a complete discussion of the Fund’s risks. There can be no assurances that the investment objectives of this Fund will be met.
Distributed by Foreside Fund Services, LLC.
American Beacon is a registered service mark of American Beacon Advisors, Inc.
American Beacon Funds and American Beacon Grosvenor Long/Short Fund are service marks of American Beacon Advisors, Inc.