Those industry insiders who want more insight into Bob Reynolds' plans for Putnam Investments may want to check out the cover story in the April issue of Institutional Investor magazine. Reynolds and several of his top new recruits posed for the trade pub, continuing a long media push by Reynolds since he took over Putnam last summer (see MFWire, 6/12/2008). Reynolds even opened up a bit about his departure from Fidelity.

"I had gone as far as I could go in the company [Fidelity]," Reynolds told II. "It was always a family-owned, family-run business, and there was nothing that would persuade me that that was going to change."

Putnam, of course, is owned by Canadian Power Financial, which means Reynolds now works with the Desmarais family who controls Power. And Reynolds reiterated his big plans for Putnam.

"I thought some dramatic changes needed to take place in order for Putnam to regain its old glory," Reynolds said to II. "That's how Putnam is going to be Putnam again." 

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