Putnam Investments and two of its veteran stock pickers are parting ways amid a company shakeup, Reuters reports. The firm also announced several additions to the management teams of their Vista and Voyager funds. Putnam said that after a review of its growth teams and investment processes, a change was in order.

Putnam said that Michael Mufson, who helped manage the OTC & Emerging Growth fund, and Dana Clark, who helped manage the Vista fund will both be leaving early this month. Clark had been with Putnam for 16 years, while Mufson started in 1993.

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.