PanAgora Asset Management

PanAgora Announces 22nd Annual Dr. Richard A. Crowell Memorial Prize Winner

Retrieved on: 
Friday, March 1, 2024

PanAgora Asset Management, Inc. (“PanAgora”), one of the world’s leading quantitative investment firms, announced today the winners of its 22nd annual Dr. Richard A. Crowell Memorial Prize, which recognizes new and cutting-edge academic research that successfully connects theory and practice in quantitative investing and management.

Key Points: 
  • PanAgora Asset Management, Inc. (“PanAgora”), one of the world’s leading quantitative investment firms, announced today the winners of its 22nd annual Dr. Richard A. Crowell Memorial Prize, which recognizes new and cutting-edge academic research that successfully connects theory and practice in quantitative investing and management.
  • “This year’s submissions embody PanAgora’s commitment to the advancement of innovative quantitative research in an ever-changing world,” said Eric Sorensen, Ph.D., PanAgora’s President & CEO.
  • We truly appreciate the research and commitment invested in this year’s submissions and thank all of our participants for their time.
  • For more information about the Crowell Prize and this year's winning papers, please visit: https://www.panagora.com/crowell-prize/ .

Franklin Templeton Completes Acquisition of Putnam Investments

Retrieved on: 
Tuesday, January 2, 2024

Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced the successful completion on January 1, 2024 of its acquisition of Putnam Investments (“Putnam”) from Great-West Lifeco, Inc. (“Great-West”).

Key Points: 
  • Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced the successful completion on January 1, 2024 of its acquisition of Putnam Investments (“Putnam”) from Great-West Lifeco, Inc. (“Great-West”).
  • “With complementary capabilities and a track record of strong investment performance, Putnam expands our ability to offer more choice to more clients,” said Jenny Johnson, President and CEO of Franklin Templeton.
  • We’re delighted to welcome the talented team at Putnam to Franklin Templeton and are pleased to have Great-West as an investor.”
    Founded in 1937, Putnam is a global asset management firm with $142 billion1 in AUM as of November 30, 2023.
  • The addition of Putnam brings Franklin Templeton’s AUM to $1.55 trillion as of November 30, 2023.

Frances D’Alessio and William Yeskel Join PanAgora Asset Management

Retrieved on: 
Wednesday, August 23, 2023

PanAgora Asset Management ("PanAgora" or the "Firm"), one of the world's leading systematic quantitative investment firms, today announced that Frances D’Alessio and William Yeskel have joined the Firm.

Key Points: 
  • PanAgora Asset Management ("PanAgora" or the "Firm"), one of the world's leading systematic quantitative investment firms, today announced that Frances D’Alessio and William Yeskel have joined the Firm.
  • Ms. D’Alessio brings deep knowledge of clients and consultants in the institutional asset management business to PanAgora.
  • Mr. Yeskel joins as Senior Manager, Product Communications and Management and will be working with the Distribution and Investment teams on content to bring PanAgora investment products, solutions, and insights to market.
  • Before joining PanAgora, Mr. Yeskel was the Chief Operating Officer of Zentific Investment Management, an alternative investments firm focused on Asia Emerging Markets.

Franklin Templeton Establishes a Strategic Partnership with Power Corporation of Canada and Great-West Lifeco

Retrieved on: 
Wednesday, May 31, 2023

Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced a strategic partnership with Power Corporation of Canada (“Power” and, together with its subsidiaries, the “Power Group of Companies”) [TSX:POW] and Great-West Lifeco, Inc. (“Great-West”) [TSX:GWO].

Key Points: 
  • Franklin Resources, Inc. [NYSE:BEN], a global investment management organization operating as Franklin Templeton, today announced a strategic partnership with Power Corporation of Canada (“Power” and, together with its subsidiaries, the “Power Group of Companies”) [TSX:POW] and Great-West Lifeco, Inc. (“Great-West”) [TSX:GWO].
  • Great-West will become a long-term strategic shareholder in Franklin Resources, Inc., with an approximate 6.2% stake, consistent with Great-West’s continuing commitment to asset management.
  • The strategic partnership aligns with Franklin Templeton’s focus to further grow insurance client assets, and significantly broadens the relationship between Franklin Templeton and the Power Group of Companies in key areas of retirement, asset management and wealth management.
  • In addition, Franklin Templeton will pay up to $375 million in contingent consideration tied to revenue growth targets from the partnership.