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Putnam’s Knight Decamps

Jeff Knight, who previously led Putnam Investments’ Global Asset Allocation investment unit, which manages specialized multi-asset class portfolios for retail and institutional clients, has left the firm to pursue other opportunities, according to the firm.

Knight joined Putnam in 1993 as senior quantitative analyst in the Global Asset Allocation Group and was a founding member of the GAA unit, according to his bio, which is still on the firm’s Website.

Effective immediately, Knight will be replaced by newly crowned co-heads James Fetch, Robert Kea, Robert Schoen, and Jason Vaillancourt. The quartet are long-time Putnam GAA veterans and will work closely with Walter Donovan, chief investment officer at Putnam, to develop the overall strategy and positioning of the GAA products, which runs the gamut of asset and risk allocation, absolute return, and retirement and college savings products.

All told, the unit manages some $10 billion in assets.