Daniel Farrell Joins Putnam as Head of Equity Trading.BOSTON -- Putnam Investments Putnam Investments was founded in 1937 by George Putnam. At the same time, he founded its first mutual fund offering, The George Putnam Fund of Boston.[1] Putnam has offices in London and Tokyo, and its headquarters is located in Boston, Massachusetts. announced today that Daniel C. Farrell has joined the company as its Head of Equity Trading In finance, equity trading is the buying and selling of company stock shares. Shares in large publicly-traded companies are bought and sold through one of the major stock exchanges, such as the New York Stock Exchange, London Stock Exchange or Tokyo Stock Exchange, which serve as . "High-quality equity trading is vital to any asset manager, and Dan Farrell's decision to join Putnam brings a proven professional to this key role," said Putnam President and Chief Executive Officer Robert L. Reynolds. "Dan understands that close communication between trading and portfolio management helps deliver superior investment results. And he brings a wealth of experience and a wide range of strong relationships with Wall Street that will benefit Putnam clients going forward. We are pleased to welcome him." Mr. Farrell, who has more than 15 years of institutional equity trading experience, was Vice President Equity Trading since 2003 at RiverSource Investments. Previously he was Vice President Equity Trading at MFS Investment Management MFS Investment Management, formerly Massachusetts Financial Services, is a Boston, Massachusetts-based financial services firm. In its publicity, MFS claims to have invented the mutual fund. The current chair of the company is Robert Pozen. , rising to that position from Assistant Trader. Farrell's hire continues Reynolds drive to improve Putnam's equity performance results and strengthen its investment unit generally. Since Reynolds took the company's helm in July, Putnam has hired a number of veteran fund managers, bringing aboard Nick C. Thakore and Robert Ewing Robert Ewing (August 10, 1849–October 23, 1932) was the mayor of Nashville, Tennessee from 1915 to 1917. Robert Ewing was born in Nashville, Tennessee. He was married on March 28, 1876 to Harriet Hoyt in the First Presbyterian Church. The Ewings had thirteen children. from RiverSource to lead Large Cap Equity, and recruiting Gerard Sullivan and Robert Brookby from American Century This article is about the term used for American power in the 20th century. For the investment company, see American Century Investments. "American Century" is a term coined by Time and David Calabro David Callabro or Dave Collabro is a sports-caster and Sports Director for WTHR in Indianapolis, Indiana. He reported for WTHR at the 2006 Olympic Games in Turin, Italy. , formerly of MFS MFS Medicare fee schedule to run large-cap core funds. Putnam has also hired six experienced senior research analysts and plans more additions to its investment unit in coming months. In addition, Reynolds last week announced a major restructuring of the company's equity investment unit, a renewed focus on individual fund manager accountability and a performance-linked compensation plan that ties fund managers' bonuses to the results they deliver for clients. "We are actively seeking the best investment talent in today's marketplace," Reynolds explains. "And we are building around them a culture of excellence, meritocracy mer·i·toc·ra·cy n. pl. mer·i·toc·ra·cies 1. A system in which advancement is based on individual ability or achievement. 2. a. - and results for clients. Markets as challenging as those we've seen in recent months open great opportunities for new vision and renewed growth. Putnam is moving to take advantage of them -- every day." About Putnam Putnam Investments is a leading global money management firm with over 70 years of investment experience. As of October 31, 2008, Putnam managed $116 billion in assets, of which $62 billion is for mutual fund investors and $54 billion is for institutional accounts. Putnam has offices in Boston, London and Tokyo. For more information, go to www.putnam.com. |
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