American Century Investments is launching three new funds, according to a statement released Wednesday. The new American Century Legacy Funds -- Legacy Large Cap, Legacy Focused Large Cap and Legacy Multi Cap -- are quantitatively managed portfolios that use a weighted, multi-factor model to guide their stock picks.

Harold Bradley and Sheila Davis will manage the new funds. Bradley has spent 18 years with the Kansas City, Missouri-based investment manager, and is currently a senior portfolio manager and chief investment officer of U.S. Growth Equity-Mid Cap/Small Cap/Sector. Davis, who is in her 13th year with American Century, is a portfolio manager and former investment analyst.  

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