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Rating:Boston Fund Firms on High Alert for Convention Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, July 28, 2004

Boston Fund Firms on High Alert for Convention

by: Theresa Sim

Fidelity Investments, Putnam Investments and other Boston fund firms are taking safety precautions for the Democratic National convention this week, Reuters reported on Wednesday.

Fidelity sent some employees to work out of New Hampshire, and have warned their 8,000 Boston employees to hide their identification badges when outside of the office.

The Reuters reporter described the security personnel outside Fidelity's building as "men in dark sunglasses armed with cell phones and maybe more." Police are walking the beat by Fidelity and near the offices of Pioneer Investment Management, Putnam and Eaton Vance, reported Reuters.

A Putnam spokesperson also confirmed that some employees were working from home or elsewhere as a result of the convention.

According to Reuters, fund companies have spent months examining security reports on possible scenarios during the convention. 

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