Putnam Investments, PanAgora Asset Management and Integra Capital Management formed a joint venture targeting Canadian institutional investors. Putnam PanAgora Integra Canada will provide Canadian institutional investors with global equity and fixed-income strategies from Putnam and PanAgora, said Laura McNamara, Putnam spokeswoman. Integra has "long-standing relationships with Canadian institutional clients and consultants," Ms. McNamara said. The joint venture is expected to be a "long-term relationship," but she could not be more specific. Ms. McNamara said no equity changed hands among the firms in the joint venture.
Edgar Peters, CIO of PanAgora, confirmed the joint venture but referred additional questions to Putnam. The joint venture was announced on Integra's website.
