Putnam Investments LLC, a U.S.-based investment advisory firm with $120 billion in assets under management, will sponsor the U.S. ski and snowboarding team for four years.
Great-West Lifeco Inc.’s money- losing U.S. wealth unit is dragging down the stock. That makes it a bargain, according to a Bloomberg News valuation analysis.
Putnam Investments LLC, the Boston- based investment manager run by Robert Reynolds, eliminated 78 jobs, or 4.4 percent of its workforce, yesterday after clients pulled money from the company’s funds and assets shrank in 2011.
Great-West Lifeco Inc., the owner of Putnam Investments, said Chief Executive Officer Allen Loney will retire and that Raymond L. McFeetors will step down as chairman.
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