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.
Putnam’s Reynolds Says U.S. Stocks `Look Good’
Reynolds Calls for Retirement Savings Legislation
Putnam’s Reynolds Sees `Major Turn’ Into Equities