New York State Deferred Compensation Plan, Albany, has heightened its monitoring of the mutual fund firms that are under investigation for questionable trading practices and whose funds are offered in the $5.9 billion plan, said Julian Regan, executive director. Changes could be forthcoming, he said. Janus manages $402 million for the fund in the Janus Fund; Putnam manages $40 million in its International Equity Fund and $16.7 million in the George Putnam of Boston fund; and Strong Capital runs $11 million in the Strong Advisors Small-Cap Value Fund.
New York State Deferred Compensation Plan, Albany, has heightened its...
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