American Beacon Advisors hired Paul Cavazos as senior vice president and chief investment officer, effective June 20. Previously the chief investment officer and assistant treasurer at DTE Energy Company in Detroit, he will oversee corporate pension plan investments and the investment sub-advisors of the American Beacon Funds. Irving, Texas-based American Beacon has $51.4 billion in total AUM, including three liquid alternative mutual funds and a group of private equity funds of funds.
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