ARK Investment Management has agreed to sell a minority stake to American Beacon Advisors. Financial terms weren’t announced. New York-based ARK is an investment manager that provides a line of ETFs. Freeman & Co advised ARK.
_July 14, 2016 – ARK Investment Management (ARK) announced an agreement to sell a minority interest to American Beacon Advisors
_This represents American Beacon Advisors’ first acquisition since its divestiture from American Airlines in 2008
_ARK, founded in 2014, is an investment manager focused on thematic investing in disruptive innovation strategies
– _Offers registered and unregistered products, including a suite of exchange-traded funds
_The transaction meaningfully expands ARK’s ETF distribution capabilities across the US
_ARK is the first manager to join American Beacon’s new multi-affiliate investment management holding company