Two managers to leave Putnam
Robert Ginsberg and Kelly Morgan, co-portfolio leaders for Putnam Voyager Fund and Putnam Growth and Opportunities Fund, will leave at the end of January.
Two portfolio leaders are leaving Putnam Investments of Boston.
Robert Ginsberg and Kelly Morgan, co-portfolio leaders for both the Putnam Voyager Fund, with $6.2 billion in assets, and the Putnam Growth and Opportunities Fund, with $540 million in assets, will leave at the end of January.
On an interim basis, the Global Asset Allocation Team, headed by Jeffrey Knight, will assume responsibility for both of the funds.
As a result, Mr. Knight, chief investment officer for GAA, and Robert Schoen, portfolio manager at GAA, will become co-portfolio leaders for the funds in addition to their current responsibilities.
Mr. Ginsberg and Ms. Morgan have been working on the funds since March, 2005. Mr. Ginsberg joined Putnam in 2004 and Ms. Morgan began her career at the firm in 1996.
Mr. Ginsburg was also a portfolio member of the Discovery Growth Fund, with $749 million in assets.
His responsibilities on that fund will be assumed by the current portfolio team, and Mr. Knight and Mr. Schoen will be added as portfolio members.
Putnam Investments had $186 billion in assets under management as of Dec. 31, 2007.
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