American Beacon Advisors has rebranded its acquisition-focused parent company as Resolute Investment Management
The move follows the acquisition of Atlanta-based Shapiro Capital management, and earlier deals to buy a minority stake in New York-based Ark Investment Management and a majority holding in Palm Beach-based Crest Investment Partners.
The rebranding will differentiate the parent firm, focused on acquisitions and oversight of boutique investment groups, with the American Beacon subsidiary, which operates a range of funds run by subadvisors.
'Today's announcement allows us to put an identity on the acquisition and affiliate oversight structure of our company,' said Resolute chief operating officer Jeffrey K. Ringdahl.
'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 subadvised mutual fund affiliate, American Beacon.'