American Century Investments
| Company type | Private |
|---|---|
| Industry | Investment management |
| Founded | 1958 |
| Founder | James E. Stowers Jr. |
| Headquarters | Kansas City, Missouri , United States |
Area served | United States, United Kingdom, Asia Pacific, Australia |
| Products | Mutual funds, institutional separate accounts, commingled trusts, sub-advisory accounts |
| Owner | Stowers Institute for Medical Research (majority) |
Number of employees | 1400 |
American Century Investments operates as a privately owned, independent investment management company with its main office located at 4500 Main in Kansas City, Missouri. The organization employs around 1,400 professionals and has established offices in key financial centers such as New York, London, Hong Kong, and Sydney.
Operations
The corporate headquarters of the firm is situated in American Century Towers, close to the Country Club Plaza in Kansas City. Its range of offerings includes Mutual funds, institutional separate accounts, commingled trusts, and sub-advisory accounts.
History
Originally established in 1958 by entrepreneur James E. Stowers Jr. under the name "Twentieth Century Mutual Funds," the company started with $100,000 in assets contributed by 24 shareholders, primarily serving small investors. The firm adopted the name American Century Investments in 1997.
In 2011, Canadian bank CIBC acquired a 41% share previously held by JP Morgan Chase, which was subsequently sold to Nomura Holdings in 2015 for approximately $1 billion, providing Nomura with a 10.1% voting stake. Control of the company remains with the Stowers Institute for Medical Research, which received dividends exceeding $1.1 billion from American Century between 2000 and 2019.
Following a Department of Justice antitrust investigation into employee recruitment practices, the company agreed to a $1.5 million settlement. In response to the COVID-19 pandemic, American Century introduced a vaccine mandate for its workforce in 2021.
Since 1999, the firm has been the title sponsor of the annual American Century Championship, a celebrity golf tournament hosted at Edgewood Tahoe Resort. This event expanded in 2021 to feature a fantasy golf competition.
Subsidiaries
- American Century Investment Management, Inc.
- American Century Investment Management (Asia Pacific) Limited
- American Century Investment Management (UK) Limited
- American Century Investment Services, Inc.