Word: putnam
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...agency found that 50% of the funds had made special arrangements for market timing, 30% helped market timers cover their tracks, 10% reported possible late-trading situations and three funds actually approved late trading. The scandal has so far implicated 11 prominent funds and 10 fund executives and brokers. Putnam Investments, a Boston firm embroiled in the scandal, lost $8.4 billion in assets pulled out since Oct. 29 by spooked investors and state pension funds. "We are disappointed by their decision and hope that we'll be able to manage their funds in the future," a Putnam spokeswoman says...
...fund firms. Strong is accused of violating securities laws by engaging in short-term trading in his firm's funds, a practice the company prohibits. (Strong said he would resign if appropriate and would personally reimburse any investors who lost money because of his trading.) In a separate move, Putnam Investments became the first firm to be charged in the industry-wide investigation when the Securities and Exchange Commission and Massachusetts regulators filed suit claiming the company had condoned rapid trading by at least six of its fund managers...
Susan Piver, author of The Hard Questions: 100 Essential Questions to Ask Before You Say "I Do" (Putnam), claims the pre-wedding period is "like an incredibly sped-up marriage, with all the emotions, stresses, pressures, hopes and fears," with divorce one of the biggest anxieties. "A lot of engagements are called off because people are afraid of getting divorced," she says...
...begun an intellectual dialogue that considers the enormous impact of pop culture on our society. American Studies Professor Lizabeth Cohen recently published her work Consumer’s Republic, a massive volume that examined post-war levels of consumption and their detrimental effects on society. Government Professor Robert D. Putnam cites pop culture vehicles like television and the Internet as reasons why the fabric of community in America has unwoven. Former economics and women’s studies professor Juliet Schor offered a popular class titled “Shop ’til You Drop...
...were impressed that they took the initiative to come to us and to ask us to collaborate with them,” said Clare Putnam, coordinator of student programs and fellowships at the Weatherhead Center, who was involved in the decision...