401(k) Specialist Issue 3 - 2022 - 16
A Symbiotic Structure
The symbiotic relationship extends to the
organizations' structures. Thomas claims it's
not intentional but rather in keeping with
research best practices no matter the discipline.
Each American Century asset class has a
dedicated chief investment officer (CIO).
Portfolio managers (PM) are underneath the
CIO, research analysts are underneath the PM.
" They are all attached to a particular thing, "
Thomas said. " It's about generating alpha in a
very specific asset class, call it value or growth
or fixed income, whatever it might be. "
The Stowers Institute has the same structure,
yet instead of PMs, it has principal investigators
(PI), then scientists and research personnel.
Another parallel is the singular focus
American Century wants of its portfolio
managers and investment staff to focus exclusively
on generating alpha for clients. It
should be fundamental research and security
selection without distractions over legal
documents, trading issues or anything else.
" It's the same thing at Stowers. The scientists
are set up in a way so that all the support
functions, called the core functions, are provided
in a centralized fashion and run outside
of the fundamental research so they can focus
exclusively on their experiments. "
Measuring Success
Stowers' hyper-focus on research, with
Stowers Stats: The Institute by the Numbers
* Three National Academy of Sciences members
* One Howard Hughes Medical Institute Investigator
* Four American Academy of Arts and Sciences Fellows
* 70 researchers providing core support
* 60 postdoctoral researchers and fellows
* 60 predoctoral researchers
* 17 principal investigators
* 500 staff members
16
ISSUE 3 2022 | 401kSpecialist.com
* $1.87 billion spent on research
* 600,000 square feet research facility
* 10-acre campus
* 16 technology centers
* Two affiliated graduate programs
* Three Stowers graduate school training programs
* 150 ongoing research projects
* 1,500+ scientific papers
its " go where the evidence leads " attitude,
allows its scientists to focus where they
like-and should make for a great working
environment. Yet, with such airy and esoteric
parameters how does it measure success?
By extension, how does American Century
know its money is put to good use?
Refurbished from an older hospital,
Stowers sits on a 10-acre campus in the
city's center, providing 600 high-paying and
prestigious jobs. It wrote approximately 100
papers last year with 150 different research
projects occurring at any one time.
" It's fundamental research that's generally
a very, very long way from commercialization, "
Thomas acknowledged. " As a 501(c)
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401(k) Specialist Issue 3 - 2022
Table of Contents for the Digital Edition of 401(k) Specialist Issue 3 - 2022
Table of Contents
401(k) Specialist Issue 3 - 2022 - Cover1
401(k) Specialist Issue 3 - 2022 - Table of Contents
401(k) Specialist Issue 3 - 2022 - 1
401(k) Specialist Issue 3 - 2022 - 2
401(k) Specialist Issue 3 - 2022 - 3
401(k) Specialist Issue 3 - 2022 - 4
401(k) Specialist Issue 3 - 2022 - 5
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401(k) Specialist Issue 3 - 2022 - Cover3
401(k) Specialist Issue 3 - 2022 - Cover4
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