Putnam Investments

PutnamPutnam FundPutnam Management
Putnam Investments is a privately owned investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston.wikipedia
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Great-West Lifeco

Great-West Lifeco Inc.Great West Life & Annuity InsuranceGreat West Life Assurance Company
It is a subsidiary of Great-West Lifeco and as of June 2017 managed $183 billion in assets across 80 mutual funds, 100 institutional clients, and 5 million shareholders and participants. In February 2007, Great-West Lifeco, which is controlled by Power Corporation of Canada, announced it would acquire Putnam Investments, a "troubled mutual fund manager," from the Marsh & McLennan Companies for the approximate price of $3.9 billion.
Empower was created in 2014 when Great-West Life combined the record keeping services of Great-West Financial, JPMorgan Chase, and Putnam Investments.

Marsh & McLennan Companies

Marsh & McLennanMarshMarsh Inc.
In February 2007, Great-West Lifeco, which is controlled by Power Corporation of Canada, announced it would acquire Putnam Investments, a "troubled mutual fund manager," from the Marsh & McLennan Companies for the approximate price of $3.9 billion.
In 1970, the company purchased Putnam Investments, adding a mutual fund business to its portfolio (and sold it in 2007).

Risk parity

Risk premia parity
Putnam also has a Risk parity strategy called the Putnam Total Return.
In time, other firms such as Aquila Capital (2004), Northwater, Wellington, Invesco, First Quadrant, Putnam Investments, ATP (2006), PanAgora Asset Management (2006), BlackRock (2009 - formerly Barclays Global Investors), 1741 Asset Management (2009), Neuberger Berman (2009), AllianceBernstein (2010), AQR Capital Management (2010), Clifton Group (2011), Salient Partners (2012), Schroders (2012), Natixis Asset Management (2013) and Allianz Global Investors (2015) began establishing risk parity funds.

Power Corporation of Canada

Power CorporationPower BroadcastingPower Broadcasting Inc.
In February 2007, Great-West Lifeco, which is controlled by Power Corporation of Canada, announced it would acquire Putnam Investments, a "troubled mutual fund manager," from the Marsh & McLennan Companies for the approximate price of $3.9 billion.
95.8% of Putnam Investments which owns:

Investment management

portfolio managementasset managementinvestment manager
Putnam Investments is a privately owned investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston.

Mutual fund

mutual fundsfundmutual
Putnam Investments is a privately owned investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston.

United States

American🇺🇸U.S.
As one of the oldest mutual fund complexes in the United States, Putnam has over $183 billion in assets under management, 79 individual mutual fund offerings, 96 institutional clients, and over seven million shareholders and retirement plan participants.

United States dollar

$US$USD
As one of the oldest mutual fund complexes in the United States, Putnam has over $183 billion in assets under management, 79 individual mutual fund offerings, 96 institutional clients, and over seven million shareholders and retirement plan participants.

Assets under management

AUMassetsunder management
As one of the oldest mutual fund complexes in the United States, Putnam has over $183 billion in assets under management, 79 individual mutual fund offerings, 96 institutional clients, and over seven million shareholders and retirement plan participants.

Boston

Boston, MassachusettsBoston, MABoston, United States
Putnam is headquartered in Boston, Massachusetts and has offices in London, Tokyo, Frankfurt, Sydney, and Singapore.

London

London, EnglandLondon, UKLondon, United Kingdom
Putnam is headquartered in Boston, Massachusetts and has offices in London, Tokyo, Frankfurt, Sydney, and Singapore.

Tokyo

Tokyo, JapanTokyo MetropolisTōkyō
Putnam is headquartered in Boston, Massachusetts and has offices in London, Tokyo, Frankfurt, Sydney, and Singapore.

Frankfurt

Frankfurt am MainFrankfurt, GermanyFrankfort
Putnam is headquartered in Boston, Massachusetts and has offices in London, Tokyo, Frankfurt, Sydney, and Singapore.

Sydney

Sydney, AustraliaSydney, New South WalesGreater Metropolitan Sydney
Putnam is headquartered in Boston, Massachusetts and has offices in London, Tokyo, Frankfurt, Sydney, and Singapore.

Singapore

🇸🇬Republic of SingaporeSingaporean
Putnam is headquartered in Boston, Massachusetts and has offices in London, Tokyo, Frankfurt, Sydney, and Singapore.

Nippon Life

Nihon SeimeiNippon Life Insurance CompanyNissay
In 1997, Putnam Investments established a connection with Nippon Life Insurance in Osaka, Japan, and its subsidiary Nissay Asset Management Company.

Osaka

ŌsakaOsaka, JapanOsaka City
In 1997, Putnam Investments established a connection with Nippon Life Insurance in Osaka, Japan, and its subsidiary Nissay Asset Management Company.

U.S. Securities and Exchange Commission

SECSecurities and Exchange CommissionSecurities and Exchange Commission (SEC)
In October 2003, the Securities and Exchange Commission (SEC) and the Massachusetts Secretary of State each filed separate civil complaints against Putnam, alleging that the company's portfolio managers, along with some preferred clients, had engaged in the rapid trading of some of Putnam's mutual funds.

Massachusetts Secretary of the Commonwealth

Secretary of the CommonwealthSecretary of StateMassachusetts Secretary of State
In October 2003, the Securities and Exchange Commission (SEC) and the Massachusetts Secretary of State each filed separate civil complaints against Putnam, alleging that the company's portfolio managers, along with some preferred clients, had engaged in the rapid trading of some of Putnam's mutual funds.

Market timing

buy low and sell highmarket timetime the market
In early 2004, the company admitted to allowing its portfolio managers and some investors to market time its funds.

Financial Times

The Financial TimesFTFT Press
In November, Reynolds told the Financial Times that he would restructure the company by merging several equity funds, basing compensation on performance, and laying off 47 workers including managers.

Albany International

Albany CompositesAlbany International Corp
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Apple Inc.

AppleApple ComputerApple Computer, Inc.
Apple Inc.