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Friday, February 18, 2011

American Century CEO's Strategy Pays Off

News summary by MFWire's editors

American Century Investments CEO Jonathan Thomas gains media attention for leading the Kansas City-based mutual fund firm to its best year ever in 2010.

Jonathan Thomas
American Century Investments
President and CEO
The Kansas City Business Journal article credits the diversification strategy that Thomas set in motion after taking the helm in April 2007 as helping propel the company to its best year in its 52 years of existence.

American Century had $103 billion in AUM at the end of 2010, representing a rise of 19 percent from 2009. Net investments totaled $6.1 billion, up from $2.1 billion the year before.

Thomas, who came in at No. 50 in MFWire.com's 100 Most Influential People in the '40 Act Industry for 2010, tells the pub: "When I first came here ... we were overexposed to the equity asset class, direct clients, U.S. clients and retail clients." 

Edited by: Armie Margaret Lee

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