Putnam Investments has been losing mutual fund assets for five years running now, Bloomberg reports. The company suffered another $2.3 billion in net withdrawals in May, bringing its total assets down to $94.5 billion, less than half of the $19.7 billion
Putnam managed in 2000. Today, the company ranks as the 11th largest mutual fund company in the nation, down from No. 4 in 2001.