Putnam Investments cut its work force by 100 positions - including veteran portfolio managers Walton D. Pearson of the Putnam Voyager fund and Putnam Growth Opportunities Fund teams; Coleman N. Lannum of the Putnam Classic Equity Fund team; and George P. Maris of the Putnam Convertible Income-Growth Fund team - to boost efficiency, Putnam announced today. The three portfolio managers will not be replaced.
In addition, Josh Brooks was named CIO of large-cap equities, a new position, said Steven M. Oristaglio, head of investments. Mr. Brooks is head of global equity research and CIO of core equities; he will retain those responsibilities.
