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Between 2000 and 2019, the institute received over $1.1 billion in dividends from American Century. [ 9 ] The company paid a $1.5 million settlement to its current and former employees after the United States Department of Justice found that it broke anti-trust laws by conspiring with another company to not compete for employees. [ 10 ]
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In 1958, Stowers started Twentieth Century Mutual Funds, a family of no-load funds, in Kansas City, Missouri. [5] Stowers started the funds in 1958 with just $100,000 in assets from 24 shareholders. [6] He built his business concentrating on small investors. The company changed its name to American Century Investments in 1997. [7]
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American Century is a term used by some historians to refer to the 20th Century. American Century may also refer to: American Century (comics), a comic series published by DC Comics from 2001; American Century Investments, an investment management firm; The American Century: Varieties of Culture in Modern Times, a book by Norman F. Cantor