NEWS BRIEFS: CDP Financial buys part of Putnam Lovell.(Brief Article)(Statistical Data Included)

Pensions & Investments, July, 2000

MONTREAL -- CDP Financial Services, a subsidiary of Caisse de Depot et Placement du Quebec, purchased 25% of the Putnam Lovell Group, parent company of Putnam Lovell Securities. CDP will not take an active role in Putnam Lovell, which will use the infusion of capital to fund expansion in private equity, asset securitization and market making, a spokeswoman for Putnam Lovell said.

Terms of the deal were not disclosed. Separately, CDP will invest $25 million in Putnam Lovell's current private equity fund, Putnam Lovell Equity Partners LP. NEA urges count of minority managers CHICAGO -- The National Education Association July 5 voted to encourage state affiliates to measure the number and percentage of minority and women money managers and brokers hired by teacher...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.