Putnam kicks off expanded ESG effort

Firm hires Katherine Collins to lead sustainable investing team

May 3, 2017 @ 1:39 pm

By InvestmentNews

Putnam Investments has hired Katherine Collins to head a new sustainable investing effort that could lead to the introduction of the firm's first standalone ESG funds.

In her new role, Ms. Collins will head a team responsible for overseeing the firm's environmental, social and governance (ESG) investment approach, which Putnam said is expected to include managing focused strategies for institutional and retail mutual fund clients.

She will report to Aaron Cooper, the firm's chief investment officer for equities.

While Putnam currently does not offer specific ESG or socially responsible funds, "we have always had an ESG lens on our investment process," Putnam spokeswoman Laura McNamara said in an email.

Previously, Ms. Collins was CEO of Honeybee Capital, a research firm focused on ESG investment issues. Working with Ms. Collins will be Stephanie Henderson, a fundamental analyst formerly with Fidelity Investments, and Alexander Rickson, a Putnam veteran who will be providing quantitative analysis.

"Investing through the lens of environmental, social, and governance is becoming increasingly synonymous with good long-term investing and is serving to help identify opportunities," said Robert L. Reynolds, Putnam's president and CEO.

0
Comments

What do you think?

View comments

Recommended for you

Featured video

Events

WisdomTree's Maute: Developing elegant tech-enabled solutions

Advisers need unique technology-enabled solutions in order to have more time to expand their practice, according to WisdomTree's Alisa Maute. What can be done today to create a more thriving business of tomorrow.

Latest news & opinion

Raymond James executives call on industry to keep broker protocol

Also ask firms to pay for the administration of the protocol to 'ensure its longevity and relevance.'

Senate committee approves tax plan but full passage not assured

Several Republican senators expressed reservations about the bill, and the GOP cannot afford too many defections.

House passes tax bill, focus turns to Senate

Tax reform legislation expected to have more of a challenge in upper chamber.

SEC enforcement of advisers drops in Trump era

The agency pursued 82 cases against advisers and firms in fiscal year 2017, down from 98 the previous year.

PIABA accuses Finra of conflicts of interest

Public Investors Arbitration Bar Association report slams self-regulator over its picks for board of governors.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print