Although many analysts previously believed that
The previous skepticism was fueled by the market-timing scandal Putnam got embroiled in and its subsequent steady loss of assets. In 2002, Putnam had $251 billion under management, and today, that’s $187 billion. For the past four years, the firm has lost assets every month; that didn’t end until this past October.
Calling Putnam a “star name,” C. Meyrick Payne, a senior partner with