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american beacon Grosvenor Long/Short Fund

Portfolio information as of June 30, 2017
  • Summary
  • Performance
  • Overview

Investment Objective

The Fund’s investment objective is to seek long-term capital appreciation with a balanced risk profile that will complement traditional long-only equity investments.

balancing equity market exposure

GCM Grosvenor, headquartered in Chicago, Ill., is one of the world’s largest and most diversified independent alternative asset management firms. Offering comprehensive public and private markets solutions, providing clients with a broad suite of investment and advisory choices that span hedge funds, private equity, infrastructure and real estate, the firm has been managing alternative investment portfolios on behalf of clients since 1971.

Firm inception: 1971

Portfolio Managers:

  • David S. Richter, CPA, Managing Director, Director of Investments, Head of Research, Chair of Public Markets Investment Committee; industry since 1994
  • Bradley H. Meyers, Managing Director, Head of Portfolio Management, Public Markets Investment Committee; industry since 1999
  • Keith E. Friedman, Senior Vice President, Public Markets Investments Portfolio Manager;
    industry since 2002

the grosvenor process

As lead sub-advisor, Grosvenor Capital Management, LP (“Grosvenor”), uses an extensive due-diligence process to select the Fund’s team of additional sub-advisors. Together, Grosvenor and this team of carefully selected sub-advisors evaluate strategies, identify timely opportunities and concerns, seek superior risk-adjusted returns, and shift the Fund’s portfolio in response to changing opportunities. Benefits to investors may include targeted exposure, favorable terms, improved fee structures and enhanced performance.

Total Fund Assets

$18.0 Million  

Sub-Advisors (%)

Incline Global Management, LLC 20.6
Tremblant Capital LP 20.0
Impala Asset Management LLC 19.5
Basswood Capital Management, LLC 15.8
Pine River Capital Management LP 12.7
River Canyon Fund Management LLC 8.9
Grosvenor Capital Management, LP 2.4

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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- and 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. 

For a prospectus containing more information, including expenses, click here. Read it carefully before you invest or send money. Past performance is no guarantee of future results.

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.