Capital Group Companies

Capital Group Companies

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Capital Group Companies 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. As measured by assets under management, Capital rivals Fidelity Investments, a figure the company will not confirm because it eschews publicity. The firm was founded in 1931 by Jonathan Bell Lovelace. Jonathan Bell 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. 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. In 1931, he founded an investment firm, Lovelace, Dennis & Renfrew, what would eventually become the Capital Group Companies.show more

Product details

  • Paperback | 80 pages
  • 152 x 229 x 5mm | 127g
  • Flu Press
  • United States
  • English
  • 6136710447
  • 9786136710440