Amid companywide layoffs and speculation about a possible sale, Putnam Investments' chief executive officer says he is confident that the company can get bigger by getting smaller.

Ed Haldeman said in a recent interview the company hopes to gain assets by continuing to downsize in order to create a more "entrepreneurial" environment for money managers.

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.