Putnam Investments is a privately owned investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston.
Is Putnam Investments a public company?
GWL is a subsidiary of Power Corporation of Canada (“Power”), an international management and holding company that focuses on financial services in North America, Europe and Asia. Although Putnam Investments itself is not a public company, GWL and Power are traded on the Toronto Stock Exchange.
Who bought Putnam Investments?
Financial services firm Marsh & McLennan Cos. Inc. has agreed in principle to sell its Putnam Investments unit for $3.9 billion to Montreal-based holding company Power Corp. of Canada, the Wall Street Journal reported on its Web site on Friday.
What happened to Putnam?
Putnam Investments today announced that it is being acquired by Great-West Lifeco Inc., a subsidiary of Power Financial Corp. in Montreal, for $3.9 billion.
How much is Putnam Investments worth?
Putnam Investments managed assets worth $188 billion as of the end of November 2020, with $91 billion allocated to more than 100 mutual funds. The company operates in North America, Europe and Asia through offices in Boston, London, Sydney, Frankfurt, Singapore and Tokyo.
Is Putnam Investments a hedge fund?
Putnam Investments, LLC is a global asset manager and retirement plan provider, offering investment management services across a range of equity, fixed income, global asset allocation and alternative strategies, including absolute return, risk parity and hedge funds for individuals and institutions.
What type of company is Putnam Investments?
Putnam Investments is a privately held, global money management firm. Founded in 1937, the firm launched its first fund that year.
Is Putnam Investments still in business?
It is a subsidiary of Great-West Lifeco and as of June 2017 managed $183 billion in assets across 80 mutual funds, 100 institutional clients, and 5 million shareholders and participants. It is currently owned by the Power Financial Corporation.
Is Putnam a good investment?
Source: Barron’s, “The Best Fund Families of 2020,” February 22, 2021. Putnam ranked in the top 10 for 10-year performance with complete rankings as follows: 22 out of 53, 14 out of 50, and 3 out of 44 fund families for the 1-, 5-, and 10-year periods ending December 31, 2020, respectively.
Is Putnam a good company?
Overall, Putnam Investments is one of the top mutual fund companies in the world.
Is Putnam Investments a broker dealer?
Putnam Retail Management Limited Partnership (“PRM”) will be designated as the default broker-dealer of record on your account(s) and will retain all applicable sales charges if any of the following apply: You elect not to designate a financial representative.
Who is CEO of Putnam Investments?
Chris Putnam is a software engineer at Facebook. Here is his blog and here is an interview with the guy. I don’t know why he merited an easter-egg emoticon over other potential candidates.
Is Putnam a good mutual fund?
25 Putnam funds have earned 4- or 5-star Overall Morningstar Ratings™ as of 12/31/21.