The Dartmouth Mafia

It seems that Dartmouth is in the news again.

On the short list of candidates to run Freddie Mac is Ed Haldeman `70, former CEO of Putnam investments and Chairman of Dartmouth’s Trustee Board.
He was asked to run Putnam in the wake of the mutual fund scandal of 2003, where fund traders essentially stole money from fund shareholders. Apparently, those managers missed their lessons on ethics and fiduciary duty.

By all accounts, Mr. Haldeman a serviceable job there, adopting some ethical reforms. But he couldn’t turn around the rolling performance disaster at Putnam’s two biggest funds, which are ranked in the bottom 5% of their peer groups. Hey, somebody has to be at the bottom.

Mr. Haldeman certainly means well, and he kept his Boston firm from imploding in the wake of an ethical PR disaster. He joins fellow Dartmouth alumni in Washington Treasury Secretary Tim Geithner ’83 and Senator Kirsten Gillibrand `88. Let’s hope Haldeman can turn Freddie around as well.

Douglas R. Tengdin, CFA
Chief Investment Officer
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By | 2014-09-04T18:56:12+00:00 July 2nd, 2009|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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