As a result of the alliance, Canadian institutional investors will now have a full line of global equity and fixed income strategies to select from through Putnam and PanAgora.
"In today's risk-averse, lower-return environment, institutional investors are demanding efficiency-enhancing strategies," said Eric Sorensen, president and CEO of PanAgora, in a statement.
Ed Haldeman, Putnam's president and CEO, said in a statement that they have an outstanding partner in Integra with its "deep knowledge of Canadian plan sponsor needs and strong relationships with institutional investors and consultants."
Boston-based Putnam Investments is one of the oldest and largest management firms in the U.S. with $194 billion in assets. PanAgora Asset Management, based in the U.S., has been in business since 1989 offering structured equity and fixed income investment strategies customized for its clients worldwide. The firm has over $16 billion in assets.
Founded in 1987, Integra is 90% owned by its operating principals. The company offers multi-styled and multi-managed strategies to institutional and individual investors.
Integra Capital's President and Managing Partner Graham S. Rennie said in a statement, "This joint venture will provide Canadian investors with a choice of either quantitative or fundamental global expertise from two world class organizations who are known for their leadership in innovative investment strategies."