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Thursday, June 03, 2010

American Century Allocates a PM Job

Reported by Neil Anderson, Managing Editor

American Century Investments just added a senior portfolio manager to the firm's LiveStrong portfolios and the rest of its asset allocation offerings. Last week the Kansas City, Missouri-based mutual fund firm revealed the hiring of Rich Weiss as senior vice president and senior portfolio manager of asset allocation portfolios.

Weiss most recently served as chief investment officer and executive vice president at Beverly Hills, California-based City National Bank, overseeing the firm's $12 billion investment management unit.

Enrique Change, Irinia Torelli and Scott Wittman serves as co-portfolio managers on American Century's asset allocation team.


Company Press Release

KANSAS CITY, Mo., May 28, 2010 - American Century Investments announces that 26-year investment veteran Rich Weiss joined the firm as senior vice president and senior portfolio manager of asset allocation portfolios. Weiss joins co-portfolio managers Enrique Chang, Scott Wittman, and Irina Torelli.

"Rich has a significant amount of asset allocation expertise, having spent most of his career focused on structuring and managing investment solutions for clients," according to Asset Allocation and Quantitative Equity CIO Scott Wittman. "Given the growing importance of asset allocation strategies in the industry and the phenomenal growth we've experienced in our portfolios, especially in ouráLIVESTRONG« Portfolios, we are excited to have an investment professional of his caliber join our firm."

For the past 11 years, Weiss served as chief investment officer and executive vice president at City National Bank in Beverly Hills, Calif., where he oversaw all aspects for its $12 billion investment management group. From 1994 - 1999, he worked as chief investment officer and executive vice president at Sanwa Bank California, where he led its $2.3 billion investment department. Prior to that, he held various senior-level investment management positions with Vantage Global Advisors, TSA Capital Management, PaineWebber and Mellon Bank.

Weiss earned a B.S. in finance from the Wharton School of the University of Pennsylvania and an MBA in finance/econometrics from the University of Chicago.

About American Century Investments


American Century Investments is a leading privately-held investment management firm, committed to delivering superior investment performance and building long-term client relationships since 1958. Serving investment professionals, institutions, corporations and individual investors, American Century Investments offers a variety of actively managed investment disciplines through an array of products including mutual funds, institutional separate accounts, commingled trusts and sub-advisory accounts. The company's 1,300 employees serve clients from offices in New York; London; Hong Kong; Mountain View, Calif. and Kansas City, Mo. James E. Stowers Jr. founded the company and serves as co-chairman of the board. Jonathan S. Thomas is president and chief executive officer and Enrique Chang is chief investment officer. Through its ownership structure, more than 40 percent of American Century Investments' profits support research to help find cures for genetically-based diseases including cancer, diabetes and dementia.

American Century Investment Services, Inc., has entered into an agreement with the Lance Armstrong Foundation for rights to use the LIVESTRONG name. For more information about the foundation, visit livestrong.org.

You should consider the fund's investment objectives, risks, and charges and expenses carefully before you invest. The fund's prospectus or summary prospectus (if available), which can be obtained by calling 1-800-345-2021, contains this and other information about the fund, and should be read carefully before investing. Investments are subject to market risk. 

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