American Century Investments
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American Century Investments
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| Type | 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 |
| Employees | 1,300 (2010) |
| Website | American Century |
American Century Investments is a privately controlled and independent investment management firm. Its headquarters are located at 4500 Main in Kansas City, Missouri, near the Country Club Plaza. The company was founded by James E. "Jim" Stowers, Jr. in 1958 as "Twentieth Century Mutual Funds". Its 1,300 employees serve clients from offices in New York, London, Hong Kong, Mountain View, California and Kansas City, Missouri. Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers a variety of actively managed investment disciplines through an array of products including mutual funds, institutional separate accounts, commingled trusts, and sub-advisory accounts. In 2009, American Century Investments was named Lipper's Best Large Mutual Fund Company[1] in the United States.
Inspired by their personal battles with cancer, Stowers and his wife, Virginia, long-time Kansas City residents, 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.[citation needed]
In 2011, JP Morgan Chase sold their 41% stake in ACI to Toronto based bank CIBC.[2]
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