Clearwater (Fla.) Employees Pension Fund retained Putnam Investments, which runs $18 million in international equities, said Stephen Moskun, cash and investment manager. Officials at the $449 million plan were concerned about performance as well as the civil fraud charges against the firm, but Putnam "has repented," Mr. Moskun said. Callan Associates assisted.
Clearwater sticks with Putnam, says firm 'has repented'
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