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Backed by blue-chip mutual funds and hedge funds such as John Hancock Funds LLC and Putnam Investment Management LLC, Rennert now didn't have to invest much of his own money. His purchase of AM General in 1992 was bought with a down payment of just $10 million.
The Putnam family of prominent old colonial Americans was founded by Puritans John and Priscilla (Gould) Putnam in the 17th century, in Salem, Massachusetts. Many notable individuals are descendants of this family, including those listed below.
The Fidelity Magellan Fund (Mutual fund: FMAGX) is a U.S.-domiciled mutual fund from the Fidelity family of funds. [1] It is perhaps the world's best-known actively managed mutual fund, known particularly for its record-setting growth under the management of Peter Lynch from 1977 to 1990. [2]
By 2007, IGM Financial was the holding company for Power Corporation's investment fund companies. Power Corporation also by 2009 had interests in the parent company of La Presse, Mackenzie Financial, London Life Insurance, Canada Life Assurance, Great-West Life, and Putnam Investments.
By 2007, IGM Financial was the holding company for Power Corporation's investment fund companies. [5] Power Corporation also by 2009 had interests in the parent company of La Presse, Mackenzie Financial, London Life Insurance, Canada Life Assurance, Great-West Life, and Putnam Investments. [9]
Empower Retirement (chairman) Putnam Investments (chairman) IGM Financial (chairman) IG Wealth Management (chairman) Mackenzie (chairman) PanAgora Asset Management; Orr is a Member of the Business Council of Canada. [8] [9]
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