MutualFundWire.com: 10. Bob Reynolds
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Wednesday, November 24, 2010|
10. Bob Reynolds
Canada's Desmarais family tapped the architect of Fidelity's 401(k) strategy to restore lustre to Putnam Investments [see profile] after they purchased the firm. Bob Reynolds is answering the challenge by bringing Putnam back into the 401(k) business and reinventing its product lineup with absolute return strategies and target date funds. Reynolds is also a believer in his portfolio managers' belief that the stock market has overcorrected and that Putnam's focus on superior stock picking will pay off in a coming rebound.
| Bob Reynolds|
Working the angles in a family business is something Reynolds is already familiar with. Power also offers the opportunity for Putnam to leverage Fascore's strength in 401(k) recordkeeping.
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