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Hedge fund skills to drive long-only investments
Tuesday 27th of June 2006
"It was BT who fired Putnam, not the other way around,” he says.BT had been disappointed with Putnam’s performance as it had failed to achieve its goal of outperforming the benchmark by 3% annually over a three-year period.
He says the analysts were doing a good job, but the portfolio managers had let things down.
The transfer of assets to the new manager happened earlier this month.<...
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