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Rating:Red October Hits Putnam's Assets Not Rated 5.0 Email Routing List Email & Route  Print Print
Thursday, November 13, 2008

Red October Hits Putnam's Assets

by: Neil Anderson, Managing Editor

Investors are still digesting third quarter earnings reports, and now they have a hint of what the fourth quarter might look like for asset managers. On Thursday the Boston Business Journal reported that, according to Putnam's website, the Boston-based fund firm's AUM fell more than 15 percent in October, from $137 billion to $116 billion. (The Dow fell 13.95 percent in the same month.) Watch for bad news to seep out from mutual fund companies, too. 

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