Kansas City based investment firm American Century received $197 million from the Kentucky Retirement Systems. The investment will be placed in the firm’s Non-U.S. Concentrated Growth Strategy.
The fund strategy invests in companies that have more than $3 billion in market capitalization and exhibit accelerating growth and improving fundamentals that have proved to be sustainable.
American Century CEO Jonathan Thomas has put an emphasis on targeting institutional investors, as they can bring more stability like pension funds, which take more time to land as clients because they do more research and vetting up front. But they’re also more likely to stick with a particular investment class through economic swings in the market than the typical retail client.