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October 10, 2002 at 08:00 PM
Oct. 3, 2002 — American Century Management Inc. has reassigned portfolio managers on two of its biggest mutual funds and has given two other fund managers added duties.
John Sykora, who had been helping to run the $18.7-billion American Century Ultra/Inv (TWCUX), was named lead manager of the $3.5-billion American Century Select/Inv (TWCIX). Money manager Wade Slome has moved to Ultra from Select.
The company also named Philip Davidson chief investment officer for its value-oriented stock funds, and appointed John Schniedwind CIO of its quantitative stock funds.
American Century moved Sykora and Slome because it “felt like it was a more effective allocation of some veteran investment experience,” said company spokeswoman Lauri Kouri.
