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Products August 10, 2012
Putnam Names Portfolio Manager of Equity Income Fund
August 10, 2012 (PLANSPONSOR.com) - Putnam Investments named Darren A. Jaroch, CFA, portfolio manager of Putnam Equity Income Fund (PEYAX).
Reported by Rebecca Moore
Jaroch replaces Bartlett R. Geer, who will be leaving the firm to pursue other opportunities.
Jaroch has been with Putnam since 1999, during which time he strove to produce strong performance records, while managing Putnam International Value Fund, global and international equity institutional portfolios. He will continue to manage this fund, as well as his existing global and institutional portfolios.
He previously managed the Putnam Global Equity Fund.
“Under Darren’s stewardship, Putnam Equity Income Fund will continue to provide advisers and their clients with a compelling, value-oriented investment product, that includes a strong dividend-paying component to help them pursue their long-term investment goals,” said Walter C. Donovan, Chief Investment Officer, Putnam Investments.