American Century Investments is a privately controlled and independent

investment management Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be institut ...

firm.

Operations

The Building has approximately 1,300 employees and its headquarters are located at 4500 Main in

Kansas City, Missouri Kansas City (abbreviated KC or KCMO) is the largest city in Missouri by population and area. As of the 2020 census, the city had a population of 508,090 in 2020, making it the 36th most-populous city in the United States. It is the central ...

, near the Country Club Plaza; the company also has offices in

New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...

, London, Hong Kong,

Sydney Sydney ( ) is the capital city of the state of New South Wales, and the most populous city in both Australia and Oceania. Located on Australia's east coast, the metropolis surrounds Sydney Harbour and extends about towards the Blue Mountain ...

, and Mountain View, California.

History

The company was founded by James E. Stowers Jr. in 1958 as "Twentieth Century Mutual Funds", a family of no-load funds, in

. Stowers started the funds in 1958 with just $100,000 in assets from 24 shareholders. He built his business concentrating on small investors. The company changed its name to ''American Century Investments'' in 1997. American Century's headquarters are located at 4500 Main in

, near the Country Club Plaza, and employs around 1,300 people. In 2011, JP Morgan Chase sold their 41% stake in ACI to Toronto based bank CIBC. CIBC resold its stake to Nomura Holdings in 2015 for around $1 billion as it could not gain full control of ACI. The stake gave Nomura 10.1% of the voting rights. The Stowers Institute for Medical Research holds the controlling majority stake in the company. Between 2000 and 2019, the institute received over $1.1 billion in dividends from American Century. The company paid a $1.5 million settlement to its current and former employees after the United States Department of Justice found that it broke

anti-trust Competition law is the field of law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies. Competition law is implemented through public and private enforcement. It is also known as antitrust l ...

laws by conspiring with another company to not compete for employees. In August 2021, the company announced a vaccine mandate, requiring its employees to get the

COVID-19 vaccine A COVID19 vaccine is a vaccine intended to provide acquired immunity against severe acute respiratory syndrome coronavirus 2 (SARS‑CoV‑2), the virus that causes coronavirus disease 2019 ( COVID19). Prior to the COVID19 pandemic, an e ...

. Since 1999, American Century has sponsored the

American Century Championship The American Century Championship is a celebrity golf tournament in Nevada, United States. It is held during the second full week of July at Edgewood Tahoe Golf Course in Stateline, at the shore of Lake Tahoe. The course is at the southeast edg ...

, an annual celebrity

golf tournament Golf is a club-and-ball sport in which players use various clubs to hit balls into a series of holes on a course in as few strokes as possible. Golf, unlike most ball games, cannot and does not use a standardized playing area, and coping wi ...

held at

Edgewood Tahoe Resort The Edgewood Tahoe Resort is a golf resort in the western United States, on the south shore of Lake Tahoe in Stateline, Nevada. The venue has hosted the 1985 U.S. Senior Open and the annual American Century Championship since 1990. The site wh ...

in July. A

fantasy golf Fantasy golf is a game in which the participants assemble virtual teams of professional golfers. The competitors select their rosters by participating in a draft in which all relevant golfers are available, with games typically involving players in ...

contest was added to the championship in 2021.

Subsidiary

* American Century Investment Management, Inc. * American Century Investment Management (Asia Pacific) Limited * American Century Investment Management (UK) Limited * American Century Investment Services, Inc.

References

External links

* {{Authority control Investment management companies of the United States Companies based in Kansas City, Missouri Financial services companies established in 1958 American companies established in 1958 1958 establishments in Missouri