American Century Investments

American Century Investments
Private
Industry Financial services
Founded Kansas City, Missouri, U.S. (1958)
Headquarters Kansas City, Missouri, U.S.
Key people
 Jonathan Thomas, CEO and president
James E. Stowers, Jr., Founder
Products Mutual funds, institutional separate accounts, commingled trusts and sub-advisory accounts
Number of employees
 1,300 (2012)
Website American Century
American Century Towers, Kansas City, Missouri

American Century Investments is a privately controlled and independent investment management firm.

Operations

The company has approximately 1,300 employees and its headquarters are located at 4500 Main in Kansas City, Missouri, near the Country Club Plaza; the company also has offices in New York, London, Hong Kong, Mountain View, California and Kansas City, Missouri.

History

The company was founded by James E. Stowers, Jr. in 1958 as "Twentieth Century Mutual Funds". After both suffering from cancer, Stowers and his wife founded the Stowers Institute for Medical Research in 1994. The Stowers dedicated their personal fortune to endow the Institute with gifts totaling $2 billion. Today the 600,000-square-foot (56,000 m2) biomedical research facility is situated on a 10-acre (40,000 m2) campus in the heart of Kansas City, near the headquarters of American Century Investments. More than 40% of ACI's profits support research to find cures for such genetically based diseases as cancer, diabetes, and dementia.[1][2]

In 2011, JP Morgan Chase sold their 41% stake in ACI to Toronto based bank CIBC.[3][4] CIBC resold its stake to Nomura Holdings for around $1 billion as it could not gain full control of ACI. The stake gave Nomura 10.1% of the voting rights.[5]

References

  1. ↑ "Prosper with Purpose Overview | American Century Investments ®". Americancentury.com. 2016-02-25. Retrieved 2016-07-15.
  2. ↑ "American Century Championship supports Stowers Institute for Medical Research | World Golf News". Worldgolf.com. 2014-06-12. Retrieved 2016-07-15.
  3. ↑ "Archived copy". Archived from the original on 2011-09-27. Retrieved 2011-07-25.
  4. ↑ "Archived copy". Archived from the original on 2011-07-19. Retrieved 2014-07-01.
  5. ↑ Fukase, Atsuko (2015-12-21). "Nomura to Buy 41% Stake in U.S. Mutual-Fund Manager". WSJ.com. Retrieved 2016-07-15.

External links

This article is issued from Wikipedia - version of the 10/11/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.