Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Power CEO Defends Putnam Progress Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, April 15, 2008

Power CEO Defends Putnam Progress

by: Erin Kello

All is well at Putnam, says Jeffrey Orr, CEO of the company's parent, Power Financial Corp. Orr told Bloomberg that the planned turnaround at Putnam, acquired by Power last August, is going well, it's the markets that are not cooperating.

According to FRC data, Putnam saw $2.9 billion in outflows from its retail funds in the first two months of 2008. The Boston-based company's AUM also fell 2 percent in 2007.

The MFWire reported back in December that fund industry insiders thought that Great-West, Power's insurance company that directly purchased Putnam, may do away with the Putnam brand altogether if underperformance continued. In February, the Canadian newspaper Globe and Mail reported that Putnam's continued woes were starting to also have an effect on Great-West's shares. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use