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Putnam gears up for expanded 401(k) push
To lure 401(k) business, Putnam Investments will upgrade its technology and expand its service offering, according to a top executive.
Putnam intros funds investing in leveraged companies
The Putnam Capital Spectrum Fund (PVSAX) and Putnam Equity Spectrum Fund (PYSAX) will invest in a range of securities, including stocks, bonds, bank loans and convertible securities.
Putnam parent looking for life insurance prospects
Great-West Lifeco Inc., the Winnipeg, Manitoba-based parent company of Putnam Investments of Boston, is looking for acquisition opportunities among U.S. and British life insurance companies, president and chief executive Allen Loney told the Globe and Mail newspapers of Toronto.
Putnam chief aims to spearhead revamp of 401(k) industry
Investment executives and retirement plan officials will band together over the next several months to propose some radical enhancements to the nation's 401(k) system, said Robert Reynolds, president and CEO of Boston-based Putnam Investments.
Putnam’s new CIO is a ‘critical hire,’ CEO says
Robert Reynolds, Putnam Investment's president and chief executive, is counting on new chief investment officer Walter C. Donovan to help the firm make deeper incursions into the 401(k) sector and to generate consistent returns for shareholders.
Fidelity’s equity head said to be moving to Putnam
Walter Donovan resigned Thursday from the top equity job at Fidelity Investments to take the same position at Putnam Investments, according to sources who declined to be identified.
