American Century's minority owner takes a huge hit to earnings

Nomura Holdings Inc., the minority owner of Kansas City-based American Century Investments, lost the equivalent of $876.64 million in the fourth quarter. That represents the worst quarterly loss for the Tokyo-based financial services holding company in nearly 10 years, but it shouldn’t affect its partnership with American Century. The loss was attributable mainly to the company booking impairment charges in its wholesale division, driven largely by a charge of $613 million for Nomura subsidiary…