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Putnam Investments is a global money management
firm with over 67 years of investment experience,
$190 billion in assets under management, 196 institutional
clients, and nearly 11 million shareholders and
retirement plan participants.
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Putnam
Investments traces its heritage to the 1800s,
when ship captains hired trustees to manage their
money while they were away at sea. In a landmark
1830 decision that involved one such trustee,
Massachusetts Supreme Judicial Court Justice Samuel
Putnam established The Prudent Man Rule, a legal
foundation for responsible money management. .
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In
1937, his great-great-grandson, George Putnam,
founded Putnam Investments with The George Putnam
Fund of Boston, one of the nation's first balanced
funds, offering both stocks and bonds in a single
portfolio.
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Because
Mr. Putnam believed that every investor could
benefit from the guidance of an experienced advisor,
The George Putnam Fund of Boston was offered to
investors through financial intermediaries.
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Today, Putnam is a global money management
leader and one of the ten largest investment
management companies in America. We continue
to believe that a knowledgeable and experienced
advisor can help create a sound investment plan
and help keep that plan on track. And just as
in 1937, the principles of balance, integrity,
and prudence remain at the heart of Putnam today.
Putnam offers 78 mutual funds as well as retirement
products such as IRAs and 401(k)s, and variable
annuities and other insurance products.
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The broad range of investment products includes
institutional portfolios; 401(k)s, IRAs, and
other retirement plans; mutual funds; variable
annuities; and alternative investments for institutions
and high-net-worth investors. Putnam offers
a variety of investment capabilities ranging
from quantitative and active alpha solutions
to alternative investments designed to meet
the evolving needs of institutional investors
worldwide.
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At the end of November 2005, Putnam Investments
had $190 billion in assets under management,
making it one of the largest money management
firms in the United States. Mutual fund assets
were $128 billion. Institutional assets were
$62 billion.
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