TITLE

Pension funds hit two or three times

AUTHOR(S)
Fulman, Ricki
PUB. DATE
December 2003
SOURCE
Pensions & Investments;12/22/2003, Vol. 31 Issue 26, p2
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The mutual fund scandal is a double or even a triple whammy for retirement plans invested with two or more firms being investigated by state and federal authorities. The investigations have meant heightened monitoring by pension fund executives and more frequent discussions with consultants and money managers. The New York State Deferred Compensation Plan now has four managers under investigation, which has been keeping everyone extremely busy, said Julian Regan, executive director. Putnam Investments Inc. was accused of failing to disclose or control excessive short-term trading by portfolio managers, it settled a civil lawsuit brought by the Securities and Exchange Commission, but still faces another suit filed by Massachusetts state Secretary William Galvin.
ACCESSION #
11842681

 

Related Articles

  • Suspect managers also catching flak from Europeans, Australians. Seeder, Benjamin // Pensions & Investments;11/24/2003, Vol. 31 Issue 24, p3 

    Money managers already under the gun from U.S. federal and state investigations into alleged trading abuses are feeling the heat overseas as well. Putnam Investments Inc. has been the hardest hit to date, but AllianceBernstein Ltd. also is seeing business slowing outside the U.S. In London,...

  • MUTUAL FUND PROBES SPUR PLAN ACTION.  // Pensions & Investments;12/8/2003, Vol. 31 Issue 25, p24 

    The article reports that several pension funds have taken action in the past two weeks against managers implicated in ongoing investigations into mutual fund trading practices. The article provides a list of various funds which terminated or scrutinized Putnam Investments Inc., Boston,...

  • Putnam Beefs Up Adviser Training Program. WINOKUR, CHERYL // American Banker;4/7/2000, Vol. 165 Issue 68, p8 

    Reports that Putnam Investments, a leading seller of mutual funds through bank brokerages, has enhanced its training program for financial advisers known as the Putnam Institute. Demand for training programs; Topics discussed in training programs; Background on the mutual fund activities of Putnam.

  • 60 SECONDS. Gleeson, Jerry // REP.;May2012, Vol. 36 Issue 5, p8 

    An interview with Catherine Saunders, head of Putnam Investments Co. is presented. When asked on working as leader in product sales drive in fee based Registered Investment Advisors(RIA), she said that her experience in Fidelity was helpful. She said that in order to be a major player in this,...

  • Putnam Out In Rhode Island. Forde, Arnella F. // Investment Management Weekly;11/10/2003, Vol. 16 Issue 44, p2 

    Reports on the decision of Rhode Island Employees' Retirement System to terminate Putnam Investments from its core international equity account. Equity account of the system; Allegations against Putnam; Plan for the fund formerly managed by Putnam.

  • Backlash. Appell, Douglas // Pensions & Investments;11/24/2003, Vol. 31 Issue 24, p1 

    Public pension fund officials are seizing the opportunity to be enforcers, firing ethically challenged money managers and mapping out new rules of engagement for sponsor-manager relations. The backlash against errant money managers is broadening from its initial focus on Putnam Investments Inc....

  • Advisors See Diversification Gaining Steam. Mulholland, Sarah // Money Management Executive;10/20/2003, Vol. 11 Issue 41, p26 

    Reports on the diversification on mutual funds and portfolios by investment advisors. Increase in allocation of alternative assets forecast by Putnam Investments, head of Institutional Management John Brown; Remarks from Joe Nankof, partner of Rocaton Investment Advisors, on the investors...

  • Managers mindful of mutual fund activity. Cornell, Ryan // Crain's Cleveland Business;11/17/2003, Vol. 24 Issue 46, p3 

    With late trading and market timing scandals taking their toll on mutual fund operators such as Putnam Investments Inc. and Janus Capital Group Inc., local mutual fund managers and investment professionals say they're remaining vigilant against questionable and illegal trading practices. Several...

  • Equity Trustees secures Putnam, US fund managers. Wilkinson, John // Money Management;6/1/2006, Vol. 20 Issue 19, p1 

    The article reports that Equity Trustees (EQT) has improved its responsible entity (RE) business by signing up Putnam and two U.S. fund managers which are entering the Australian market. Putnam will start with the distribution of fixed interest and global equities funds. EQT Funds Management...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics