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Deals & People January 29, 2008
Putnam Announces Fund Manager Shifts
Putnam Investments has announced its Global Asset Allocation (GAA) Team will assume responsibility on an interim basis for Putnam Voyager Fund and Putnam Growth Opportunities Fund.
Reported by Rebecca Moore
Jeffrey Knight, chief investment officer for GAA, and Robert Schoen, portfolio manager of GAA, become co-portfolio leaders for these funds, in addition to their current responsibilities, the company said.
Knight and Schoen are replacing Robert Ginsberg and Kelly Morgan, former co-portfolio leaders for Putnam Voyager Fund and Putnam Growth Opportunities Fund, who will leave Putnam at the end of January.
Ginsberg responsibilities with the Putnam Discovery Growth Fund will be assumed by the portfolio team now in place, which includes portfolio leader Richard Weed and portfolio member Raymond Haddad. Knight and Schoen will be added as portfolio members.
Knight, deputy head of investments, has 18 years of investment experience, 14 of them with Putnam, and Schoen has 17 years of investment experience, 11 of which were at Putnam.