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Amercian Century Tries Venture Capitalism

The fund family starts a venture capital arm to make strategic investments.

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American Century Investments is using private equity to conduct some private-eye work.

The Kansas City, Mo.-fund family has started a venture capital arm to invest in young, under-the-radar Internet-related companies from whom it thinks it can learn a thing or two about becoming a more nimble and cost-efficient trader and better customer servant.

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Dan Culloton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.