Hedge Fund Founder Returns To Mutual Fund Fold

Feb 20 2009 | 1:01am ET

Hedge fund manager David Glancy has joined mutual fund firm Putnam Investments.

Glancy has closed his hedge fund, Andover Capital Advisors. At Putnam, he will serve as managing director and portfolio manager, and has brought four analysts with him.

Glancy is no stranger to the mutual fund world, as a one-time star trader for Fidelity Investments.

“This is familiar territory for David,” Putnam CEO Robert Reynolds said. “He is a master at uncovering diamonds in the rough and has a strong record of generating superior returns for clients.”


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...