American Century Companies is a privately controlled and independent investment management firm.
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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.
In 2011, JP Morgan Chase sold their 41% stake in ACI to Toronto based bank CIBC. 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.
Subsidiary
- American Century Investment Management, Inc.
- American Century Investment Management (Asia Pacific) Limited
- American Century Investment Management (UK) Limited
- American Century Investment Services, Inc.
Source of the article : Wikipedia
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