August 29, 2014 10:57 PM ET

Capital Markets

Company Overview of Putnam Investment Management, LLC

Company Overview

Putnam Investment Management, LLC is a privately owned investment manager. It provides its services to individuals. The firm also caters to high net worth individuals, investment companies, pension and profit sharing plans, charitable organizations, other businesses, state or municipal government entities, and incubated accounts. It manages separate client focused equity, fixed-income, multi-asset, and absolute return portfolios. The firm also manages mutual funds, college savings plans, and annuity subaccounts for its clients. It invests in the public equity and fixed income markets across the globe. The firm invests in growth and value stocks of large cap, mid cap, and small cap companies ...

One Post Office Square

Boston, MA 02109

United States

Founded in 1937

Phone:

617-292-1000

Fax:

617-292-1625

Key Executives for Putnam Investment Management, LLC

Chief Executive Officer
Age: 62
Senior Managing Director and Chief Investment Officer
Age: 52
Senior Managing Director and Chief Financial Officer
Senior Managing Director and Chief of Operations
Age: 56
President the Putnam Group of Mutual Funds and Trustee
Age: 63
Compensation as of Fiscal Year 2014.

Putnam Investment Management, LLC Key Developments

Putnam American Government Income Fund Declares Dividend Payable on December 20, 2013

Putnam American Government Income Fund declared dividend of $0.0110 per share investment income for class B shares; $0.0110 per share investment income for class C shares; $0.0150 per share investment income for class M shares; $0.0150 per share investment income for class R shares; $0.0190 per share investment income for class Y shares; $0.0190 per share investment income for class R5 shares; $0.0200 per share investment income for class R6 shares payable on December 20, 2013 with a record date of December 18, 2013.

Putnam Investments Announces Management Changes

Putnam Investments announced a new leadership structure for its Global Asset Allocation (GAA) investment organization. Effective immediately, the team will be led by Co-Heads James Fetch, Robert Kea, Robert Schoen, and Jason Vaillancourt. All four Co-Heads are long-time Putnam GAA veterans, who average 22 years of overall investment experience, including a combined nearly 75 years of experience at Putnam. Working closely with Walter C. Donovan, Chief Investment Officer at Putnam, the new leadership team will be responsible for overall strategy and positioning of the GAA products, which include asset and risk allocation, absolute return, and retirement and college savings. As a team, they will continue to manage the Putnam Absolute Return 500 Fund, Putnam Absolute Return 700 Fund, Putnam Dynamic Asset Allocation Funds, Putnam Dynamic Risk Allocation Fund, Putnam Retirement Income Lifestyle Funds, Putnam RetirementReady Funds, Putnam's Total Return institutional portfolio, and portfolios within Putnam 529 for America. Jeff Knight, who previously led the group, has left the firm to pursue other opportunities. Fetch, who has been in the investment industry for nearly 20 years, joined Putnam in 1994. Kea joined Putnam in 1989. Schoen, who has nearly 25 years of investment industry experience, joined Putnam in 1997. Vaillancourt, who brings 20 years of investment industry experience, has been with Putnam since 2000.

Putnam Investments Names Gabriela Heffernan as Regional Director for the South West

Gabriela Heffernan was named regional director for the South West for Putnam Investments' 401(k) team. Heffernan comes to Putnam from Prudential Retirement, where she spent the last ten years as the regional sales director for Southern California. Before Prudential, she was an investment adviser with Merrill Lynch. Heffernan, who replaces John McKeehan, is joining an expanding Putnam defined contribution (DC) organization that addresses increased market interest and plans additional hires throughout 2013.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
December 19, 2013
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