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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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Jim and Virginia Stowers created the Institute by endowing their personal wealth, the by-product of the company Jim Stowers built in 1958, American Century Investments (ACI). [5] In addition to the Stowers’ initial financial gift, they established a unique funding model to ensure continued support for research.
James E. "Jim" Stowers, Jr. (January 10, 1924 – March 17, 2014) was an American businessman who was the founder of American Century Investments and the Stowers Institute for Medical Research. [1] [2]
An asset management company is an asset management / investment management company/firm that invests the pooled funds of retail investors in securities in line with the stated investment objectives.
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