Power Financial owns
But some are skeptical Power Financial would be interested in Putnam, which has been losing assets since the bear market and timing scandal. The firm’s assets now stand at $180 billion, down 57% from $422 billion six years ago.
“Power has typically bought good companies and made them better,” commented one investment banker, who said they have worked with the company. “It would be something of a departure for them to take on a turnaround like Putnam.”