Putnam Narrows its Q4 Loss
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Thursday, February 11, 2010

Putnam Narrows its Q4 Loss

Putnam Investments, owned by Canadian insurance giant Great-West Lifeco, posted a net loss of $35 million in the fourth quarter compared with a net loss of $1.1 billion in the same period last year.

The Boston fund firm saw net asset flows in the fourth quarter increase by $6 billion compared to the year-ago period.

At the end of 2009, Putnam had $114.9 billion of AUM, up from $113.5 billion at the end of September and $105.6 billion at the end of 2008.

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