The harsh reality for Putnam Investments is that the firm has bled assets at an alarming rate, had sub-par portfolio performance the last few years, and upset the trust of investors and business partners due to developments of unchecked market timing activity at the firm.

Enter Charles "Ed" Haldeman Jr., the man who took the reins from Larry Lasser, after the iconic leader was asked to leave the firm in November for failing to act forcefully with the wrongdoers.

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