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Contrarian has no rosy glasses; Putnam sees major migration out of funds of funds as clients move for lower-cost, specialty offerings.

Publication: Pensions & Investments
Publication Date: 17-SEP-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: Contrarian has no rosy glasses; Putnam sees major migration out of funds of funds as clients move for lower-cost, specialty offerings.(Special Report: Hedge Funds of Funds)

Article Excerpt
Byline: Christine Williamson

SAN FRANCISCO - As might be expected from a man who wrote a seminal white paper in 2005 titled "Adapt or Die Trying: Darwinism and Intelligent Design in the Hedge Fund Industry,'' Donald H. Putnam has a contrarian view of the future of the hedge fund-of-funds...

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...industry.

Mr. Putnam is managing partner in the San Francisco office of Grail Partners LLC, a merchant bank he founded in 2005.

While others interviewed had a generally rosy opinion of the success...

NOTE: All illustrations and photos have been removed from this article.



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