History
The firm was founded in 1937 by George Putnam who established one of the first balanced mutual funds: The George Putnam Fund of Boston.
Putnam's institutional defined benefit business was launched in 1969 and under the leadership of Lawrence Lasser became "one of the largest managers of mutual funds."
In 1997, Putnam established alliances with Nippon Life Insurance in Osaka, Japan, and Nissay Asset Management Company, a unit of Nippon Life, to manage and market products to sponsors of pension funds in Japan.
Read more about this topic: Putnam Investments
Famous quotes containing the word history:
“Regarding History as the slaughter-bench at which the happiness of peoples, the wisdom of States, and the virtue of individuals have been victimized—the question involuntarily arises—to what principle, to what final aim these enormous sacrifices have been offered.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“The visual is sorely undervalued in modern scholarship. Art history has attained only a fraction of the conceptual sophistication of literary criticism.... Drunk with self-love, criticism has hugely overestimated the centrality of language to western culture. It has failed to see the electrifying sign language of images.”
—Camille Paglia (b. 1947)
“Universal history is the history of a few metaphors.”
—Jorge Luis Borges (1899–1986)