If Putnam Investments of Boston creates an Internet fund, a possibility furthered by the creation of a partnership with money manager Thomas H. Lee this summer, Internet funds would be well on their way to becoming mainstream.

Putnam and the Thomas H. Lee Co. of Boston, in July, created a partnership called TH Lee Putnam Capital through which the pair plans to develop alternative investments for institutions and high-net worth clients.

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.