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Rating:Putnam's Earnings and Assets Climb Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 10, 2010

Putnam's Earnings and Assets Climb

Reported by Neil Anderson, Managing Editor

Putnam'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.

Bob Reynolds 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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