's assets are again on the rise and its net loss almost disappeared last quarter. Today the Boston-based mutual fund firm's Canadian parent, Great-West Lifeco
, revealed in the supplement
to its third quarter earnings report
that Putnam's assets under management climbed from $113.597 billion on September 30, 2009 and $109.661 billion on June 30, 2010 to $119.715 billion on September 30, 2010.
and his team also reduced Putnam's net loss from $10 million in Q3 2009 and $26 million in Q2 2010 to $1 million in Q3 2010.
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