Capital Group Companies
 | |
| Private | |
| Industry | Financial services |
| Founded | 1931 |
| Founder | Jonathan Bell Lovelace |
| Headquarters |
Bank of America Center Los Angeles, California, US |
Area served | Worldwide |
Key people | David I. Fisher, Chairman |
| Products | Investment management, mutual funds |
| AUM | USD 1.147 trillion |
Number of employees | 7,000 |
| Website |
thecapitalgroup |
Capital Group is one of the world’s largest investment management organizations with assets of around one trillion USD under management. It comprises a group of investment management companies, including Capital Research and Management, American Funds, Capital Bank and Trust, Capital Guardian, and Capital International. The firm was founded in 1931 by Jonathan Bell Lovelace.
The founding years
In 1931, Jonathan Bell Lovelace founded an investment firm, Lovelace, Dennis & Renfrew, which would eventually become the Capital Group Companies.
Lovelace was raised in Southern Alabama by a family who was in the timber business. He initially studied to become an architect at what was then Alabama Polytechnic (Currently Auburn University). After college, he enlisted in the military, working on a project that pioneered anti-aircraft artillery.[1] Lovelace worked with E.E. MacCrone & Company, eventually becoming a partner. In 1929, Lovelace believed the stock market to be wildly overvalued and sold his stake in the company.
Overview
Capital Group is headquartered in Los Angeles, California, and has over 7,000 associates in 23 office locations around the globe, including offices in London, Geneva, Sydney, Toronto, Tokyo, Hong Kong, Mumbai and Singapore. The company also has a large newly built campus in Irvine, California, making it one of the largest employers in that city. Due to the recent decline in the markets and economy, the company has reduced its staff by over 1,500 from the previous high of 9,000 associates. Its families of mutual funds include "American Funds" and "Capital International Funds." On the institutional side, Capital manages money for pensions, governments, and other entities worldwide. It also manages money for wealthy individuals and engages in private equity investments. One of its subsidiaries, Capital International, was responsible for the construction of the MSCI stock market indices. The Capital Group was voted as the third-most satisfactory workplace in the Greater Los Angeles area by the Los Angeles Business Journal in 2006.
The American Funds, managed by the Capital Group Companies was as of June 2007 the largest family of mutual funds in the US, followed by The Vanguard Group and Fidelity Investments, with roughly $1.3 trillion in assets under management .
In 2008, Capital Research and Management Company implemented the disaggregation of its equity investment operations to become known as Capital Research Global Investors and Capital World Investors.
A study published in September, 2009 in the scientific journal Physical Review E on the topic of new network analysis methodologies in economics concluded — in the course of presenting an example — that The Capital Group was the most powerful controlling shareholder in the global stock market, with major stakes in 36 of the 48 countries studied.[2]
Capital Group is organized into tiers of subsidiaries, one of which is the wholly owned Capital Guardian Trust Company, which in turn manages the division, Personal Investment Management, founded in 1974 to manage the assets of employees and retirees of The Capital Group Companies.[3]
Executives
- David I. Fisher – chairman of the board of Capital Group International, Inc. and Capital Guardian Trust Company
- Shaw B. Wagener – chairman of Capital International, Inc.
- James Rothenberg – chairman of Capital Research & Management Co.
Investments
America
Canada
- Entertainment One (5.5%)[4]
United States
- Amazon.com, Inc. (6.2%)[5]
- Amgen Inc. (10.24%)[6]
And now Alcoa.
Oceania
Australia
- Amcor (9.42%)
- Fortescue Metals Group (7%)
Asia
China
- BYD Co LTD. (9.92%)
Philippines
Singapore
- ComfortDelGro (6.46%)[8]
- ST Engineering (5.5005%)[9]
Europe
Austria
- Telekom Austria Group (7.94%)[10]
Czech Republic
- ČEZ Group (2.98%)[11]
- Telefónica Czech Republic (2.97%)[12]
Denmark
France
- Schneider Electric (9.4%)[14]
Germany
- Bayer AG (10.018%)[15]
- Bijou Brigitte (3.0025%)[16]
- Böwe Systec AG (5.10%)
- Continental AG (5.10%)[17]
- Deutsche Bank (3.08%)[18]
- Fraport AG (5.07%)[19]
- GEA Group AG (4.985%)[20]
- Infineon Technologies AG (4.10%)[21]
- Linde AG (ca. 10% Beteiligung)
- SAP AG (3.19%)[22]
- Siemens AG (3.02%)[23]
- Volkswagen AG (4.097% participation, 5.6% voting)[24]
Ireland
Netherlands
- Akzo Nobel (9.94%)[26]
- ASML (8.8%)[27]
- KPN Telecom (10.68%)[28]
Russia
- Rambler (3.29%)
Spain
Switzerland
Greece
- Ellaktor (5.70%)
- Eurobank Ergasias (13.0132%)
- Fourlis Holding (9.86%)
- Jumbo Stores (9.00%)
- OPAP (11.5439%)
- Titan Cement (5.00%)
UK
- Legal & General (8.06%)[31]
- Liberty Global (6.49%)[32]
- Royal Dutch Shell (9.85%)
- SSE (7.84%)[33]
References
- ↑ Ellis, Charles D.: Capital:The Story of Long-Term Investment Excellence, pages 12-13. John Wiley Press, 2004.
- ↑ Glattfelder, J. B.; Battiston, S. (2009). "Backbone of complex networks of corporations: The flow of control". Physical Review E 80 (3): 036104. arXiv:0902.0878. Bibcode:2009PhRvE..80c6104G. doi:10.1103/PhysRevE.80.036104. (the article is also available on the arXiv preprint server: arXiv:0902.0878v2)
- ↑ Capital Group Private Client Services
- ↑ "Entertainment One - Entertainment One Shareholder Information". entertainmentone. Retrieved 2015-01-18.
- ↑ "DEF 14 — Official notification to shareholders of matters to be brought to a vote ("Proxy")". Amazon.com. April 12, 2013. Retrieved August 27, 2014.
- ↑ 2014 Proxy Statement, Page 26, http://www.astproxyportal.com/ast/amgen/document_1/2014%20Proxy%20Statement.pdf
- ↑ 7.0 7.1 "German, US firms bank on Philippines". Investvine.com. 2013-02-27. Retrieved 2013-04-04.
- ↑ http://www.comfortdelgro.com.sg/pdfs/Annual_Report/2011_en/Shareholding%20Statistics.pdf
- ↑ http://www.stengg.com/investor-relations/shareholding-statistics
- ↑ Telecompaper, 21. June 2011, Telekom Austria Group shareholder cuts stake to under 10%
- ↑ CNB: Notification of a holding of a proportion of voting rights
- ↑ CNB: Notification of a holding of a proportion of voting rights
- ↑ TDC: Major shareholder announcement regarding TDC A/SNov 5, 2014
- ↑ Schneider Electric 2011 Annual Report
- ↑ Süddeutsche Zeitung, Oktober 2008, Wer gehört zu wem: Bayer AG
- ↑ Bijou Brigitte AG, 29. December 2009, Pflichtmitteilung
- ↑ Süddeutsche Zeitung, Oktober 2008, Wer gehört zu wem: Continental AG
- ↑ Deutsche Bank - Shareholder Structure
- ↑ Beteiligung Fraport AG, Stand Mai 2007, Mitteilung Fraport AG
- ↑ Süddeutsche Zeitung, Oktober 2008, Wer gehört zu wem: GEA Group AG
- ↑ Süddeutsche Zeitung, Oktober 2008, Wer gehört zu wem: Infineon Technologies AG
- ↑ SAP AG, 04. November 2008, Beteiligungen der SAP AG
- ↑ Siemens AG, August 2009, Veröffentlichung einer Stimmrechtsmitteilung
- ↑ Süddeutsche Zeitung, Oktober 2008, Wer gehört zu wem: Volkswagen AG
- ↑ http://corporate.ryanair.com/docs/corp/investor/2014/final_annual_report_2014.pdf
- ↑ De Volkskrant, October 2010, Profiel Akzo Nobel
- ↑ De Volkskrant, October 2010, Profiel ASML
- ↑ De Volkskrant, October 2010, Profiel KPN
- ↑ Geberit AG, 13. März 2008, Offenlegung von Beteiligungen
- ↑ mobilezne holding ag, 14. September 2011, Offenlegung von Beteiligungen
- ↑ http://investor.legalandgeneral.com/releasedetail.cfm?ReleaseID=868715
- ↑ http://www.nasdaq.com/symbol/lbtya/institutional-holdings
- ↑ http://www.digitallook.com/cgi-bin/dlmedia/security.cgi?csi=10088