Aug. 28, 2002 — Three money managers are leaving Putnam Investments, and two of them are joining State Street Research & Management Co.
Paul Haagensen, who had been a member of Putnam’s small-cap value stock team, which oversees $4 billion in assets, has taken the same position with State Street.
Portfolio manager Jeffrey Lindsey, who helps run three Putnam funds, will also join State Street next week as head of its large-cap growth stock team, a new position.
Putnam also confirmed that Colin Moore, who helps run two funds and is the chief investment officer of its international value and global value teams, is leaving the company. A Putnam spokeswoman said she did not know Moore’s future plans.
The spokeswoman, Nancy Fisher, declined to comment on whether or not Lindsey and Moore will be replaced, saying the company wants to discuss the matter with its clients. Putnam will name a replacement for Haagensen next month, she said.