Putnam Investments veteran Ned Shadek left the Boston fund firm last week, Putnam spokeswoman Laura McNamara confirmed to The MFWire. Shadek served as head of small- and mid-cap equities, and was a co-manager of the $178 million Putnam Small Cap Value fund.

The small- and mid-cap equities teams now report directly to chief investment officer Walter Donovan, McNamara said.

Shadek's co-manager at the small cap value fund, Eric Harthun, will continue to run the fund.

Shadek joined Putnam in 1997. 

Edited by: Armie Margaret Lee


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