American Century Investments is a privately controlled and independent
investment management firm.
Operations
The Building has approximately 1,300 employees and its headquarters are located at 4500 Main in
Kansas City, Missouri, near the
Country Club Plaza
The Country Club Plaza (often called The Plaza) is a privately-owned regional shopping center in the Country Club District of Kansas City, Missouri. Opened in 1923, it was the first planned suburban shopping center and the first regional shoppi ...
; the company also has offices in
New York,
London
London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
,
Hong Kong
Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta i ...
,
Sydney, 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
Kansas City, Missouri. 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
Kansas City, Missouri, near the
Country Club Plaza
The Country Club Plaza (often called The Plaza) is a privately-owned regional shopping center in the Country Club District of Kansas City, Missouri. Opened in 1923, it was the first planned suburban shopping center and the first regional shoppi ...
, and employs around 1,300 people.
In 2011,
JP Morgan Chase
JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the w ...
sold their 41% stake in ACI to
Toronto
Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the anch ...
based bank
CIBC
The Canadian Imperial Bank of Commerce (CIBC; french: Banque canadienne impériale de commerce) is a Canadian multinational banking and financial services corporation headquartered at CIBC Square in the Financial District of Toronto, Ontario. ...
. 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
The Stowers Institute for Medical Research is a biomedical research organization that conducts basic research on genes and proteins that control fundamental processes in living cells to analyze diseases and find keys to their causes, treatment, ...
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
The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United Stat ...
found that it broke
anti-trust 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.
Since 1999, American Century has sponsored the
American Century Championship, an annual celebrity
golf tournament held at
Edgewood Tahoe Resort in July. A
fantasy golf 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