Marsh & McLennan, parent company of Putnam Investments, hopes to announce a decision on the sale of that company, an MMC spokeswoman told Dow Jones.

Earlier reports had MMC Chief Executive Officer Michael G. Cherkasky saying that a decision would be reached by the end of the month.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.