Fixed-income portfolio manager Rahul Bapna resigned from subadvisor Barrow, Hanley, Mewhinney & Strauss to pursue other opportunities. He has been removed from the management roster of American Beacon Balanced effective Aug. 31, 2021. BHMS subadvises this fund’s underlying multi-asset strategy that is managed similar to a traditional balanced portfolio and accounts for half of the overall fund’s allocation. Bapna became a manager on the fund in January 2019, where he was responsible for comanaging the fixed-income sleeve of the BHMS strategy alongside firm veterans Scott McDonald, Mark Luchsinger, and Deborah Petruzzelli. Each of the remaining three individuals have been named on the management roster for at least 17 years.
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