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Putnam Investments is an investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston. Headquartered in Boston, Massachusetts, it has offices in London, Tokyo, Frankfurt, Sydney, and Singapore. Putnam is currently a subsidiary of Franklin Templeton Investments.
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Thomas Putnam (March 22, 1652 [O.S. March 12, 1651] – June 3 [O.S. May 24], 1699) was a member of the Putnam family, a resident of Salem Village (present-day Danvers, Massachusetts, United States) and a significant accuser in the notorious 1692 Salem witch trials.
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The prudent man rule is based on common law stemming from the 1830 Massachusetts court formulation, Harvard College v. Amory The prudent man rule, written by Massachusetts Justice Samuel Putnam (1768-1853), directs trustees "to observe how men of prudence, discretion and intelligence manage their own affairs, not in regard to speculation, but in regard to the permanent disposition of their ...
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