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 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 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 London is the capital and 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 down to the North Sea, and has been a majo ...

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 Delt ...

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 Mountain View is a city in Santa Clara County, California, United States. Named for its views of the Santa Cruz Mountains, it has a population of 82,376. Mountain View was integral to the early history and growth of Silicon Valley, and is the ...

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

, 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 ancho ...

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. T ...

. CIBC resold its stake to

Nomura Holdings is a Japanese financial holding company and a principal member of the Nomura Group. It, along with its broker-dealer, banking and other financial services subsidiaries, provides investment, financing and related services to individual, institut ...

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 State ...

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 A vaccination policy is a health policy adopted in order to prevent the spread of infectious disease. These policies are generally put into place by State or local governments, but may also be set by private facilities, such as workplaces or s ...

, 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 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 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