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As part of an increasing trend among mutual fund companies to diversify their offerings into new areas, Putnam Investments is planning to offer hedge funds in the next six to 12 months, according to the firm’s chief executive officer, Robert L. Reynolds.
“It is a business we would like to get into. Over the next six to 12 months, you will see something from us,” Reynolds told The Boston Globe. “This will round out our product palette.”
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Putnam to Offer Hedge Funds Within Six to 12 Months
June 9, 2009
