Eric Wetlaufer was named a senior portfolio manager at Putnam, and will head the midcap investment team within Putnam's core growth equity group. He replaces Jennifer Silver, who left the company. He will be lead manager of the $4.4 billion Vista Fund, and run institutional assets as well. He was a portfolio manager at Cadence Capital, where his duties were assumed by others on his team.
Putnam also hired Michael Stack as part of the team managing the $18.9 billion Voyageur Fund and related institutional portfolios. He was an analyst at Independence Investment.
William Miller is now co-manager of the $1.8 billion Putnam Capital Appreciation Fund. He was an analyst and assistant portfolio manager at Delaware Management.
Michael Arends will manage institutional large-cap growth equities and will join the team managing the $4.8 billion Putnam Global Growth Fund. He was a portfolio manager at Phoenix Duff & Phelps