With Putnam's continued underperformance starting to affect its company's shares, just how much patience does Great-West have with its new acquisition?
Canadian newspaper The Globe and Mail
asked Wenli Tan
, a mutual fund analyst at Morningstar, for his opinion on the situation. Tan told the paper he wouldn't be surprised if underperformance continues to see changes in high-level management at Putnam. A industry consultant also told the pub something similar to what the MFWire
reported in December of 2007, (see: "Putnam May Plug Into New Sales Force in '08"
December 17, 2007) that Great-West may consider making another acquisition and then merging Putnam into it.
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