MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, December 29, 2009 Stowers Bids Adieu to American Century's Fund Board James E. Stowers Jr. – founder of American Century Investments and a pillar in the mutual fund world for decades – retired from his role on American Century's fund board, a company spokesperson confirmed to The MFWire.
The 85-year-old Stowers launched a family of no-load funds under the name Twentieth Century Mutual Funds in Kansas City, Missouri, in 1958, armed with a mere 24 investors and just $107,000 in cash. The funds laid the groundwork for the company that would ultimately become American Century Investments, officially assuming that name in 2000. In 1994, following a bout with cancer, Stowers founded the Stowers Institute for Medical Research along with his wife and fellow cancer survivor, Virginia. The $2 billion biomedical research institute supports research surrounding the genes and proteins that control the fundamental processes of living cells in an effort to combat cancer. Printed from: MFWire.com/story.asp?s=23682 Copyright 2009, InvestmentWires, Inc. All Rights Reserved |
