Putnam continues fund shakeup, launching new products with Boston affiliate
(World News USA)

Putnam Investments is rolling out three new products that will bring an institutional-investor flair to the retail market. This summer, the Boston-based asset manager will launch three mutual funds that follow what is known in the investment industry as alternative strategies, Putnam said Wednesday. They will be sub-advised by PanAgora Asset Management, a Boston-based Putnam affiliate. The funds mark the first time PanAgora will help manage Putnam retail products. Its specialty is on the institutional... ......