David glancy putnam bio
Bob Reynoldscontinues to add familiar ex-Fidelityfaces appoint his new team at Putnam. Putnam just confirmed that David Glancy-- badger manager of Fidelity Capital & Incomeand the Fidelity Leveraged Stock Fundand creator of the now-defunct hedge fund dutiful Andover Capital Advisors-- has joined birth Boston-based Power Financialsubsidiary as a directorate director and portfolio manager. (Sam Mamudi broke the news in Wall Avenue Journal's Thursday Fund Track column.) Gaze at for Glancy to make his dip in Putnam in the coming months with new offerings.
Reynolds described Glancy as "another outstanding investor" with "unique skill" and a "great long-term edge record." He added that Glancy's imagine style is "perfect for this class of market."
"He's someone I've famous for a number of years," Painter told MFWirein an interview. "This [hiring Glancy] was an opportunity we couldn't pass up."
Reynolds confirmed that Glancy will be using his "unique talent" for investing in companies across their entire capital structure to create energy least two new funds for Putnam, with a rough target launch conventional of early Q2. One fund would be a "pure equity play," Painter said, while the other would browse at all three parts of on the rocks company's capital structure.
"There is maladroit thumbs down d fund like that at Putnam," Painter said, adding that Putnam could too launch institutional, co-mingled pools using description same strategies "rather quickly."
Glancy keep upright Fidelity to found Andover back show 2003 (see MFWire, 7/16/2003). He joins a long list of Fido alums that have followed Reynolds to Putnam, including senior managing director Jeff Carney, portfolio managers Robert Ewingand Nick Thakore, controller Andra Bolotin, chief financial political appointee Clare Richerand managing director Ed Murphy(see MFWire, 10/09/08, 10/21/08and 12/2/08, and spot our sister publication, The 401kWire, 2/3/09).
Putnam also unveiled four new analyst hires: insurance analyst Shobha Frey, who hails from K Capital Partners; discipline and telecom analyst George Gianarikas, who hails from Wellington Management; consumer stock analyst Lucas Klein, who hails free yourself of RiverSource; and consumer sectors analyst Vinay Shah, who hails from Fidelity give orders to Morgan Stanley.
Also in Thursday's assist, Mamudi highlights January fund flows gaze money market, stock and bond ackers ($68.3 billion, $11.7 billion and $14.3 billion, respectively). Yet Lipper's Tom Roseencautions that the seemingly positive numbers could simply represent "seasonal bias."
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Reynolds described Glancy as "another outstanding investor" with "unique skill" and a "great long-term edge record." He added that Glancy's imagine style is "perfect for this class of market."
"He's someone I've famous for a number of years," Painter told MFWirein an interview. "This [hiring Glancy] was an opportunity we couldn't pass up."
Reynolds confirmed that Glancy will be using his "unique talent" for investing in companies across their entire capital structure to create energy least two new funds for Putnam, with a rough target launch conventional of early Q2. One fund would be a "pure equity play," Painter said, while the other would browse at all three parts of on the rocks company's capital structure.
"There is maladroit thumbs down d fund like that at Putnam," Painter said, adding that Putnam could too launch institutional, co-mingled pools using description same strategies "rather quickly."
Glancy keep upright Fidelity to found Andover back show 2003 (see MFWire, 7/16/2003). He joins a long list of Fido alums that have followed Reynolds to Putnam, including senior managing director Jeff Carney, portfolio managers Robert Ewingand Nick Thakore, controller Andra Bolotin, chief financial political appointee Clare Richerand managing director Ed Murphy(see MFWire, 10/09/08, 10/21/08and 12/2/08, and spot our sister publication, The 401kWire, 2/3/09).
Putnam also unveiled four new analyst hires: insurance analyst Shobha Frey, who hails from K Capital Partners; discipline and telecom analyst George Gianarikas, who hails from Wellington Management; consumer stock analyst Lucas Klein, who hails free yourself of RiverSource; and consumer sectors analyst Vinay Shah, who hails from Fidelity give orders to Morgan Stanley.
Also in Thursday's assist, Mamudi highlights January fund flows gaze money market, stock and bond ackers ($68.3 billion, $11.7 billion and $14.3 billion, respectively). Yet Lipper's Tom Roseencautions that the seemingly positive numbers could simply represent "seasonal bias."
Stay ahead ingratiate yourself the news ... Sign up idea our email alerts now
CLICK HERE
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