Putnam Investments hires well-regarded small-cap value manager.
M2 EQUITYBITES-March 23, 2017-Putnam Investments hires well-regarded small-cap value manager
(C)2017 M2 COMMUNICATIONS http://www.m2.com
Putnam Investments will be taking a series of steps to reshape its global small cap equity team and product strategy, designed to seize opportunity in an area where the company believes active management will offer competitive edge, both in today's marketplace and in the years to come, the company said.
Putnam will be adding investment talent and expanding the research team in the small cap equity space, as well as pursuing a more concentrated focus on fundamental research to identify and capitalize on investment ideas across the small company universe.
Among the most significant developments, David Diamond, a well-respected value investor, has joined the firm and will become co-portfolio manager of Putnam Small Cap Value Fund, effective March 31, 2017.
The firm will be expanding its small cap equity research team with the hiring of Bill Wiese as a small cap value analyst, bringing the small cap research team -- which seeks to gain extensive on-the-ground, fundamental insight on small companies -- to a total of eight analysts.
Founded in 1937, Putnam Investments is a global money management firm with nearly 80 years of investment experience. At the end of February 2017, Putnam had USD 160bn in assets under management. Putnam has offices in Boston, London, Frankfurt, Tokyo, Singapore and Sydney.
((Comments on this story may be sent to firstname.lastname@example.org))