Hints and tips:
...[made it] well-positioned to take Putnam’s strengths to the next level”....
...They join from UBS and Putnam Investments respectively....
...He was hired to run Putnam, another subsidiary of Canada’s Great-West Lifeco, in 2008, a year after leaving Fidelity....
...Other alleged victims, according to prosecutors, are hedge funds Magnetar Capital, Third Point, Soros Fund Management, and mutual fund company Putnam Investments....
...Massachusetts is seeking $8.8m in fees paid to Putnam and fines....
...Mr Brown was a founder of Long Ridge Equity Partners, a private equity firm focused on financial services, and formerly with TH Lee Putnam....
...However, depressed prices and the prospect for further asset sales is attracting interest from investors, with both hedge funds and traditional asset managers such as TCW and Putnam starting to raise funds...
...Mr Haldeman had previously steered Putnam Investments through a scandal in which managers were accused of improperly trading client funds, resulting in a $55m fine....
...to a third of the volatility”, Putnam is nevertheless continuing to include relative return funds within the target date portfolio....
...Among groups that have introduced share class pricing favourable to fee-based advisers in recent years are Invesco Aim, American Funds, Dreyfus, Forward Management, Pimco, and Putnam Investments....
...quit Fidelity for Putnam....
...“Strong brands like Putnam, Pimco, JPMorgan, and Goldman have been at the forefront of this trend, and are limiting the chances of success for smaller entrants.”...
...● The head of Fidelity Investments’ equity division, Walter Donovan, is leaving to become chief investment officer at Putnam Investments. Mr Donovan also managed Fidelity’s high yield group....
...Mr Roberts was previously in charge of sales in the northeast US for Putnam Investments....
...Not to be outdone, the traditional fund industry has responded by copying some of the tricks of the hedge fund trade, with household names such as BlackRock, Schroders, Janus, JPMorgan, Pimco and Putnam...
...Equities comprise 40 per cent of Putnam’s assets under management and these funds have had the poorest performance and the biggest outflows....
...Last month Putnam, for instance, said it was merging six smaller funds that collectively hold about $2bn (£1.3bn, €1.5bn) in assets into six larger funds that are similar in investment style....
...The board of Putnam Funds said it had voted to close the Putnam Prime Money Market Fund and distribute all fund assets. The fund is aimed at institutional clients and has a minimum investment of $10m....
...● Edmund Murphy has joined Putnam Investments as head of defined contribution, having previously worked at Fidelity Investments. ● Pimco has hired Ketish Pothalingam as UK credit portfolio manager....
...I see in Putnam a tremendous future.”...
...● HSBC Investments has made three new appointments to its UK institutional team: David Puddle, formerly managing director at Putnam Investments, becomes head of institutional sales; Alan Yau joins from...
...opportunistic investors were attracted by the higher than usual interest rates said traders. ”There is still a big dislocation in the auction rate securities market,” said Kevin Cronin, portfolio manager at Putnam...
...Putnam has been valued by analysts at about $4bn....
...Putnam’s funds under management are $191bn, half the level they were at the group’s peak in 1999....
...Lee Partners, Quadrangle Group, Alpine Equity Partners and Putnam Investments....
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