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Press release from Business Wire

Evercore Asset Management Announces New Sub-Advisory Relationship With American Beacon Advisors

Monday, September 13, 2010

Evercore Asset Management Announces New Sub-Advisory Relationship With American Beacon Advisors08:00 EDT Monday, September 13, 2010 NEW YORK (Business Wire) -- Evercore Asset Management, LLC (“EAM”), an institutional money manager specializing in small- and mid-cap equities, is pleased to announce the launch of a new mutual fund, the American Beacon Evercore Small Cap Equity Fund (Ticker: ABEIX). The Fund seeks to achieve long-term capital appreciation using a fundamental, bottom-up investment approach along with proprietary valuation models. Chris Fasciano, Chief Investment Officer of Evercore's Small- and Mid-Cap Core Team, and Tim Buckley, Senior Portfolio Manager, have primary responsibility for the Fund's day-to-day management. Mr. Fasciano and Mr. Buckley along with team members Mike Evans, Susan Hager, and Ray Lewis have working relationships that span more than a decade. "American Beacon is very excited to be able to offer Evercore's specialization in value-oriented investments in small- and mid-cap companies," said Gene L. Needles Jr., President and CEO of American Beacon Advisors. "Coupled with our own deep industry experience and relationships, this partnership reflects our ongoing commitment to providing a wide variety of investment opportunities for the benefit of our clients." The Fund will select securities of companies with market capitalizations of $3 billion or less, at the time of investment, that it believes are selling at a discount to their underlying value and have the potential to outperform their benchmark. It seeks securities of companies that are at the low end of their historical valuation range, have business catalysts that will cause other investors to recognize the undervaluation and are led by management teams that can execute the company's plans and realize the company's growth. "Evercore makes high-conviction investments by applying rigorous independent thinking and in-depth research focused strictly on the fundamentals. We are very pleased to provide our approach to identifying inherent value to American Beacon's clients," said Chris Fasciano, Chief Investment Officer of Core Equities. About American Beacon Advisors American Beacon Advisors manages the American Beacon Funds, a series of mutual funds representing a variety of investment strategies for the equity, fixed income, domestic and international markets. The fund family currently includes several investment options such as equity funds, bond funds and money market funds. American Beacon Advisors serves defined benefit plans, defined contribution plans, foundations, endowments, corporations and other institutional investors as well as retail About Evercore Asset Management, LLC Evercore Asset Management, LLC is an institutional investment management firm that makes high conviction investments in small- and mid-cap companies. EAM was established in late 2005 when four longtime colleagues and value investors, with working relationships that span two decades, formed an alliance with Evercore Partners (NYSE: EVR) – a leading investment banking boutique and investment management firm – to create a value-based asset management organization. More information about EAM is available at