There have been several management changes on two subadvised American Beacon funds, Citywire has learned.
Doug Cambell has been added to Hotchkis and Wiley Capital Management’s sleeves of both the $113m American Beacon Balanced fund (AADBX) and the $3.5bn American Beacon Large Cap Value fund (AADEX). Additionally, PM Judd Peters has been removed from both funds, according to a recent filing with the Securities and Exchange Commission (SEC)..
Campbell joins George Davis, Scott McBride and Patricia McKenna on both AADBX and AADEX, which have 0.79% and 0.64% fees, respectively.
