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"We're taking an institutional asset and changing who gets to invest in it".
Much of that came from lower revenue in the division's core institutional asset management operation.
Building capacity for collecting software as an institutional asset is difficult work.
In recent years, the largest institutional asset managers have emphasized their focus on engagement and governance.
Mr. McClintock, 31, is the president of IBEX Capital Markets, an institutional asset management and finance company in Boston.
The updated principles elaborates upon the role of asset managers and incorporates recommendations regarding the role of institutional asset owners.
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If you go back to the 1950s, the most common way that institutional assets were managed would be for an institution like Yale to go to a bank like Chemical Bank or JP Morgan.
Institutional assets declined $134 million, to $79.2 billion, and consumer assets fell $1.4 billion, to $302.9 billion.
Institutional assets declined by $528 million, to $85.1 billion, while consumer funds added more than $1 billion, to $315.8 billion.
Putnam had $171 billion of mutual fund assets and $92 billion of institutional assets on Nov. 7, the filing said.
Mr. Strong's company, Strong Capital Management, based in Menomonee Falls, Wis., manages nearly $43 billion in mutual funds and institutional assets, including pension funds.
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