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 custard is setting; meanwhile
I not only have my own history to worry about
But am forced to fret over insufficient details related to large
Unfinished concepts that can never bring themselves to the point
Of being, with or without my help, if any were forthcoming.”
—John Ashbery (b. 1927)
“When we of the so-called better classes are scared as men were never scared in history at material ugliness and hardship; when we put off marriage until our house can be artistic, and quake at the thought of having a child without a bank-account and doomed to manual labor, it is time for thinking men to protest against so unmanly and irreligious a state of opinion.”
—William James (1842–1910)
“American time has stretched around the world. It has become the dominant tempo of modern history, especially of the history of Europe.”
—Harold Rosenberg (1906–1978)