Sentence examples for fund unit from inspiring English sources

Three weeks ago, Mr. Haldeman, 60, stepped down as chairman of Putnam Investments' mutual fund unit.

At Blackstone's hedge fund unit, revenue fell 81percenttoto $30 million.

Mr. Bohart, president of the hedge fund unit, exited the firm in September.

Fortress has been hit with a series of departures at its hedge fund unit.

The money was invested through Optimal Investment Services, the bank's hedge fund unit in Geneva.

In recent years it has pushed into a variety of other strategies under the leadership of David Cody, the chief executive of MatlinPatterson's hedge fund unit.

Both the private equity and real estate divisions swung to positive revenue results, while the firm's hedge fund unit more than doubled revenue.

Blackstone's hedge fund unit also reported annual gains; profit rose 40 percent, to $372 million, as its big debt-focused hedge funds showed strong performance.

Robert C. Pozen, who heads Fidelity's mutual fund unit, will continue to report to Mr. Johnson on matters of investment policy.

In April, its Putnam Investments mutual fund unit paid $110 million to settle allegations that lax oversight allowed some fund mangers to benefit from insider information.

But even without those costs, Marsh said, its profits fell 3percentt, largely because of weakening results at its mutual-fund unit, Putnam Investments.