American Beacon Advisors hired Man AHL as subadviser of the American Beacon AHL TargetRisk Core Fund, which was launched Wednesday, according to an American Beacon news release.
The long-only dynamic risk managed strategy, which has a core balanced portfolio allocation, is the third American Beacon Advisors fund to be subadvised by Man AHL, the news release said.
The other funds are the American Beacon AHL Managed Futures Strategy Fund and American Beacon AHL TargetRisk Fund.
As of Sept. 30, those funds had $1.3 billion and $691 million in assets, respectively, according to American Beacon's website.
A spokeswoman for American Beacon could not be immediately reached for further information.
