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
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