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

Envestnet Tamarac's Anderson: What's next for fintech?

Envestnet Tamarac is focused on broadening its offerings so it can gather more marketshare and craft more partnerships. Check out what Andina Anderson is examining so the company can do more for advisers.

Latest news & opinion

7 surprising things Medicare doesn't cover

Gaps in Medicare's coverage can wreak havoc with a retiree’s budget, but here are some solutions to help your clients fill the gaps.

Step one: Withdraw from the broker protocol

Pulling out of the protocol proved to be one part of multipronged strategies by Morgan Stanley and UBS to reduce broker attrition. So far, their plans seem to be working.

11 best islands in the world to retire to

International Living has come up with a list of affordable islands around the world.

SEC tests show investors don't understand disclosure form for brokers, advisers

Investor advocates: Agency still has a lot of work to do on Form CRS

Wells Fargo considering sale of retirement-plan unit

The business could fetch as much as $1 billion, sources say.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print