On July 14, 2016, American Beacon Advisors, Inc. completed a minority investment in ARK Investment Management LLC.
Details of the deal were not disclosed. As a result of the transaction, ARK Investment Management LLC (“ARK”) becomes the first investment by American Beacon Advisors, Inc. (“American Beacon”) in a boutique asset manager. ARK will benefit from American Beacon’s U.S. retail distribution capabilities, allowing ARK to offer an array of investment opportunities to institutional and private investors. This transaction comes after American Beacon’s creation of a multi-affiliate investment management holding company, the details of which will be released this year.
ARK is a registered investment adviser and private investment firm, headquartered in New York, New York. It specializes in cross-sector innovation investments, such as robotics, 3-D printing, cloud computing and DNA sequencing.
Established in 1986, American Beacon is a Texas-based investment advisory firm that manages international and domestic fixed income, equity, and money market funds and provides cash and fixed income account management services.
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