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:
“The history of all hitherto existing society is the history of class struggles.”
—Karl Marx (1818–1883)
“The only history is a mere question of one’s struggle inside oneself. But that is the joy of it. One need neither discover Americas nor conquer nations, and yet one has as great a work as Columbus or Alexander, to do.”
—D.H. (David Herbert)
“History ... is, indeed, little more than the register of the crimes, follies, and misfortunes of mankind.
But what experience and history teach is this—that peoples and governments have never learned anything from history, or acted on principles deduced from it.”
—Georg Wilhelm Friedrich Hegel (1770–1831)