American Century

American Century News

  • James Stowers, American Century Investments Founder, Dies at 90

    James E. Stowers Jr., who built a billion-dollar fortune as founder of the American Century Investments mutual fund company, then gave most of it away for medical research, has died. He was 90.

  • American Century Tops Target-Date Funds: Riskless Return

    Investors seeking peace of mind from target-date funds for their retirement planning may find the biggest risk lies in choosing the money manager.

  • JPMorgan Sues American Century Over $848 Million Share Sale to CIBC

    JPMorgan Chase & Co. sued mutual fund firm American Century Cos. over claims it was shortchanged in an $848 million optioned-share sale to Canadian Imperial Bank of Commerce.

  • BofA, JPMorgan, UBS, Deutsche Bank, Galleon in Court News

    Bank of America Corp. is among a group of lenders that may face a wave of new lawsuits claiming cash-strapped counties were cheated out of millions of dollars by a system used for more than a decade to register mortgages.

  • CIBC Agrees to Buy JPMorgan American Century Stake for About $848 Million

    Canadian Imperial Bank of Commerce, the country’s fifth-largest bank, agreed to buy a 41 percent stake in American Century Investments from JPMorgan Chase & Co. for $848 million to expand its asset-management business.

  • A Fund That Invests Like Buffett

    “Put all of your eggs in one basket and then watch that basket,” Warren Buffett says. In other words, if you want to beat the market, focus your efforts on a concentrated portfolio of stocks whose businesses have been analyzed as thoroughly as possible to screen out any chance of a blowup.

  • Madoff, JPMorgan, Stanford, Morgan Stanley in Court News

    After several drinks at a Greek restaurant on Manhattan’s Third Avenue in the summer of 2006, two computer programmers at Bernard Madoff’s investment firm asked their supervisor whether the boss’s business was a scam, Bloomberg News’ David Glovin and Bob Van Voris report.

  • Puerto Rico Panic Signaled Buy at American Century, Permut Says

    The wave of selling in Puerto Rico bonds that started in September pushed yield spreads to record highs. During that month, American Century Investment Management boosted holdings of commonwealth debt in its intermediate-term tax-free fund to 1 percentage point more than its benchmark index, said Steven Permut, who oversees about $6 billion of local debt as head of munis in Mountain View, California.

  • JPMorgan Loses $373 Million Arbitration to American Century

    JPMorgan Chase & Co. was ordered by arbitrators to pay $373 million to American Century Investments over claims that executives led by Jes Staley enriched the bank at the expense of the fund-management firm.

  • American Century Names Zhang, MacEwen Co-CIOs to Replace Chang

    American Century Cos., the money manager founded by James Stowers, named Victor Zhang and David MacEwen co-chief investment officers, replacing Enrique Chang who left this year to join Janus Capital Group Inc.

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