Putnam Named Sub-Advisor of Two Fixed-Income Funds
The Boston-based fund shop will do the work for Mackenzie Investments, another affiliate of Power Financial Corporation of Canada.
Putnam Chairman Steps Down
Haldeman to be replaced by Robert Reynolds
Great-West Lifeco Looks South to Buy Putnam Investments
Putnam Investments' parent company, Marsh & McLennan, is selling the investment company to Great-West Lifeco, Inc., a Winnipeg, Manitoba-based subsidiary of Power Financial Corporation, for $3.9 billion, according to a February 1 announcement.