Conscience brings a US and a UK company together, the Supreme Court lets class actions go back to Illinois, and Phoenix raises up a new logo. Recent items of note:
Environmentally focused advisory firm Winslow Management Company is taking part in a transatlantic collaboration with UK social investment company Jupiter Asset Management. Boston-based Winslow will manage the North American assets of the closed-end Jupiter Green Investment Trust -- assets that represent about 30 percent of the fund's total. Traded on the London Stock Exchange, it will use a "positive screening" method for investments, putting its assets in global companies that provide solutions in the areas of water management, clean energy, green transport, waste management, sustainable living, and environmental services.
There are new faces at Berwyn, Pennsylvania-based Turner Investment Partners. Vijay Shankaran, arriving from Caxton Associates, has been named a portfolio manager and analyst on the growth equity investing team, and in keeping with the company's sector-based approach, he will cover the market's health-care sector for all Turner's institutional growth-stock portfolios and mutual funds. Meanwhile, William Speacht has been appointed senior compliance officer. He comes to Turner from Delaware Investments. Turner manages $21 billion in assets for institutions and individuals.
The U.S. Supreme Court issued a unanimous ruling Thursday that will result in a number of suits against Putnam Funds returning to Illinois courts. It's the latest chapter in the variegated saga of Kircher v. Putnam Funds Trust, 05-409 and related class-action suits that claim negligence and breach of fiduciary duty on the part of the firm.
A Chicago federal appeals court had previously overturned a lower court's decision to let the cases stay in state court, but the Supreme Court ruled this reversal exceeded the appeals court's jurisdiction. Now Putnam is expected to request the case be dismissed according to he precedent of a previous case, Dabit vs. Merrill Lynch, reports Dow Jones Newswires.
Strategic Financial Solutions, the asset allocation and investment analysis software company that created the PerTrac Suite, has signed on Jeff Lee to head its newly-formed global services division. Lee most recently led implementation services at Advent Software. SFS purchased software provider Whittaker Garnier earlier this year.
The Phoenix Companies unveiled a new branding campaign Tuesday, featuring a jazzed-up bird and new tagline, "Where Excellence Grows." You can check out the Hartford, Connecticut-based company's streamlined phoenix logo when you view the press release.
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