American Century Ultra Fund Loses Skipper

After almost five years, American Century Ultra fund manager Wade Slome will leave the Kansas City firm, according to the Kansas City Star. Slome, 37, plans to open his own investment firm in California. His resignation is effective Aug. 31.   Stephen Lurito, who joined American Century last month after 22 years with MUUS Asset Management and Warburg Pincus Asset Management, will head the $12 billion fund until a successor is chosen.    The Ultra fund is the Kansas City-based company’s largest. Ted Telfords, an 11-year American Century Veteran, will remain with Ultra, along with Investment analysts Bill Monroe, Terry Foster, Tim Miller and Matt Weight. The 26-year-old ultra fund is a large-capo growth portfolio. The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.