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Laura McNamara, a spokeswoman for Putnam, said its institutional fund had about 155 investors.
BlackRock also plans to create an institutional fund to participate in PPIP.
Until 1999, side funds were no larger than 5 to 10percentt of the institutional fund.
But it is news that the City's institutional fund managers have acknowledged the rip-off and pledged to take action.
Lord Myners, the City minister, has been vocal in his criticism of short-termism among institutional fund managers.
Cisco Systems scores heavily on both counts, which is why it is a favourite of institutional fund managers.
Similar(10)
The study was founded with institutional funds from Institut Pasteur.
Any shift towards greater institutional funding could disproportionately affect those institutions".
She oversees institutional fund-raising.
The college received more than 100 free tickets to the Open, which have been useful for institutional fund-raising.
Four of the station's top executives have left, including those overseeing communications and brand management, online operations and institutional fund-raising.
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