TwentyFour Asset Management Expands US Sub-Advisory Relationship with American Beacon

TwentyFour Asset Management (“TwentyFour”), a specialist fixed income boutique, notes the announcement by American Beacon Advisors, Inc. (“American Beacon”) regarding a series of proposed transactions involving three City National Rochdale Funds currently advised by RBC Rochdale, LLC.

Under the proposals, The City National Rochdale Fixed Income Opportunities Fund will reorganise into the American Beacon TwentyFour Strategic Income Fund, with TwentyFour Asset Management (US) LP acting as sub-advisor.

Subject to shareholder approval and customary closing conditions, the transaction is expected to complete between September 2026 and January 2027.

TwentyFour’s involvement in the proposed American Beacon TwentyFour Strategic Income Fund reflects its continued commitment to delivering actively managed, income-focused fixed income strategies to a broad range of investors. The firm will apply its established, team-based investment process and credit expertise in managing the strategy. This includes bringing TwentyFour’s strong track record in managing income-focused fixed income strategies to investors in the reorganised fund. 

“We are pleased to support the transition of the Fixed Income Opportunities strategy to the American Beacon platform, subject to shareholder approval. Our focus will be on ensuring a seamless transition for investors while maintaining the disciplined, fundamental credit approach that underpins our investment philosophy. We look forward to working with American Beacon to continue delivering consistent outcomes for clients over the long term”, said Ben Hayward, CEO of TwentyFour Asset Management.