manager is seeking to buy fund management expertise and form distribution partnerships in the continent
US fund manager Putnam Investments is continuing a period of strong European expansion with the launch of two aggressive fixed interest products and the admission that it is seeking to opportunistically buy fund management expertise and form yet more distribution partnerships in the continent. The first fund launch is a European high yield fund, to be run by what used to be HY specialists New Flag Asset Management before they were bought by Putnam last year. The second is an emerging market debt fund, the retail version of a US-based existing institutional fund. The London-based...
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