Make a Quick Buck Off Putnam's Purchase

The chairman of Putnam's fund trustees is vowing that investors will suffer little if any disruption as a result of the company's sale.

"One of the things that attracted the board to this was the likelihood that very little will change," John Hill told me Wednesday, just hours after it was announced that Putnam would be sold to Canada's Power Financial for $3.9 billion.

"I think we'll see the same lineup of funds a year from now, and we'll see the same portfolio managers -- as long as performance remains strong in the areas where it has been strong, and it continues to improve in the areas where it still needs improvement."

Hill chairs the trustees who oversee the funds on behalf of the investors. ...