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These Mutual Funds Are the Real Turkeys (Smart Money)
Here's our annual look at the year's worst-performing mutual funds.
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Putnam Hires RiverSource’s Farrell to Lead Stock-Trading Desk (Bloomberg)
Nov. 25 (Bloomberg) -- Putnam Investments hired Daniel C. Farrell as head of equity trading as part of Chief Executive Officer Robert Reynolds ’s effort to improve the Boston-based company’s stock mutual funds.
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Build your nest egg like Grandpa did (MSN Money Canada)
Now that the go-go years have gotten us good, it's time to get back to the basics that investors followed half a century ago. At a moment when the U.S. auto industry is poised on the brink of bankruptcy, investors can learn a lesson from an era when Detroit was the industrial epicentre of the world.
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What to do in fund shakeout (Seattle Times)
Steep losses on both stock and bond funds this year have investors heading for the exits. As a result, mutual funds are laying off portfolio managers, and, in some cases, merging funds.
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Putnam plans to cut 47 jobs, merge some mutual funds (The Indianapolis Star)
BOSTON Putnam Investments said Monday it will cut 47 jobs, including 12 portfolio managers, and merge six of its stock mutual funds into larger funds under a restructuring by the company's new top executive. Robert Reynolds, a former Fidelity Investments executive named Putnam's president and chief executive in June, said he also will assign more responsibility to individual fund managers rather ...
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Daniel Farrell Joins Putnam as Head of Equity Trading (Business Wire via Yahoo! Finance)
BOSTON----Putnam Investments announced today that Daniel C. Farrell has joined the company as its Head of Equity Trading.
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Putnam Investments to cut 47 jobs, merge funds (AP via Yahoo! News)
Putnam Investments said Monday it will cut 47 jobs, including 12 portfolio managers, and merge six of its stock mutual funds into larger funds under a restructuring by the company's new top executive.
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At Putnam, Writing Was on the Wall (TheStreet.com)
Putnam's woes deepen, but its funds' ratings foreshadowed the bad news.
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Business briefs: Putnam cuts jobs and merges funds (The Sarasota Herald-Tribune)
BOSTON -- Putnam Investments will cut 47 jobs and merge six of its stock mutual funds into larger funds under a restructuring by the company's new top executive. In addition to cutting 12 portfolio managers, Putnam is immediately eliminating 35 staff positions out of a total work force of about 2,500.
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Putnam Investments to cut 47 jobs, merge funds (San Francisco Chronicle)
Putnam Investments said Monday it will cut 47 jobs, or nearly 2 percent of the work force, and merge six of the company's stock mutual funds into larger funds as part of a broad restructuring under its new chief executive. Robert Reynolds, a former Fidelity...
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