| Bob Reynolds|
family tapped the architect of Fidelity's 401(k) strategy to restore lustre to Putnam Investments
] after they purchased the firm. Bob Reynolds
is answering the challenge by bringing Putnam back into the 401(k) business and reinventing its product lineup with absolute return strategies and target date funds. Reynolds is also a believer in his portfolio managers' belief that the stock market has overcorrected and that Putnam's focus on superior stock picking will pay off in a coming rebound.
Working the angles in a family business is something Reynolds is already familiar with. Power
also offers the opportunity for Putnam to leverage Fascore
's strength in 401(k) recordkeeping.
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