Management Risk

H. Calvin Place, Jr. CFA

*** ****** ****, *******, ************* 02492

617-***-**** ******.*****@*******.***

Summary

Experienced Investment Management professional with track record of

achievement in all aspects of Portfolio Management. Ten years of Global

Equity investing on behalf of Global Core Equity Mutual Fund and

Institutional clients, in both long only and long-short contexts.

Extensive experience in the following areas: evaluating stocks for

investment, delivering competitive investment performance as lead Portfolio

Manager, conducting Institutional Client presentations, and managing

Portfolio Construction / Risk Management responsibilities.

. Portfolio Management

. Investment Process

. Client Presentations / New Business

. Investment Research

. Risk Management

. Portfolio Construction

Professional Experience

PUTNAM INVESTMENTS, Boston, MA 2000 - 2009

Vice President, Global Core Equities

. Institutional Portfolio Management

o Appointed lead Portfolio Management responsibilities in 2002 of

client assets totaling over $1 billion. Accounts were

benchmarked to either the MSCI World Benchmark or custom

variations of the World benchmark. Investment performance was

competitive relative to benchmark as well as Lipper style

category.

o Designed and implemented 130/30 and Market Neutral Global Equity

strategies in 2007. The Market Neutral portfolio achieved an

excess return of 400 basis points ahead of benchmark over a two

year period.

o Assigned management of the Canadian Equity Institutional mandate

in 2007. Improved performance that led to our being considered

for $150 million in additional client assets.

o Team highlights: grew assets from $1 billion to $9 billion in

Institutional assets across 60 Institutional relationships.

. Retail Portfolio Management

o Served as 10 year dedicated resource and Analyst for the Putnam

Global Equity Fund (PEQUX) and related Retail accounts.

Collective efforts were rewarded by Morningstar with a 5-star

rating in 2002.

o Held integral role in growth of Fund assets from $1 billion to

$4 billion. Marketing efforts included written work to Retail

Clients and Consultants as well as presentations and conference

call discussions.

o Contributed to research and build-out of Global Equity alpha

model that blended Fundamental and Quantitative inputs. The

alpha model generated consecutive years of excess returns,

culminating in a Lipper top quartile investment performance rank

in 2007.

. Client / Consultant Presentations

o Conducted over 75 Institutional client presentations at Putnam.

Notable meetings resulting in new business were held with Ford

Motor, Manulife, and State of Florida.

o Managed over 50 consultant interactions related to our Global

Equity Investment Process. Notable meetings were held with

Russell, Mercer, API, and leading Japanese and Australian

consultant firms.

. Investment Research

o Analyzed and recommended mid-cap and large cap stocks globally

on behalf of the Global Equity Fund (PEQUX) and related

Institutional accounts. Recommendations were measured relative

to sector and benchmark, with aggregate stock selections adding

value on a relative basis.

o Utilized a Generalist approach for Equity Research. Sectors of

focus were Telecommunications, Utilities, and REITS, coupled

with substantial regional analysis of Emerging Market stocks.

. Risk Management

o Led risk management effort on all Global Core accounts. This

risk management work protected account performance around the

Tech bubble of 2000, the recessions of 2002 and 2008, as well as

the Commodity collapse of 2008.

o Conducted historical studies on Market Volatility, Emerging

Market Risk, and Sector Total Risk. Conclusions from these

studies led to actionable changes to portfolios and contributed

to a better team understanding of our risk exposures.

. Portfolio Construction

o Chaired Portfolio Construction meetings impacting all Global

Equity accounts. Meetings led to healthy team debates around

the topics of position size of individual holdings, Global

country and sector exposures, and other relevant portfolio

characteristics.

o Effectively constructed various Global Equity custom mandates

for Institutional clients. Managed accounts to tracking error

levels above 6% as well as lower tracking error levels in the 2%

range.

o Held leadership role transitioning team performance focus from

Benchmark to Lipper Competitive Universe. Mandated by the CEO

of Putnam, creatively utilized Bloomberg and other data systems

to build a new Portfolio Management framework for our accounts.

FIDELITY INVESTMENTS, Boston, MA Summer 1999

Summer Internship, Finance

. Conducted a profitability analysis on Fidelity customer retention;

findings were incorporated into a matrix used by Fidelity client

service representatives on future client correspondence.

. Calculated the relevant cash flows on a particular marketing spend

proposal and provided NPV results; work contributed to Fidelity's

decision to move forward with the marketing proposal.

. Received Fidelity Ambassador Award for work accomplished during the

internship.

MELLON PRIVATE ASSET MANAGEMENT, Boston, MA 1995 - 1998

Accounting/Client Service

. Co-managed complex relationship with large institutional customer in

Mellon's trust business (Over $3 billion in assets).

. Served individual trust clients in an advisor capacity and as a

resource for broader account matters.

. Generated pricing of mortgage-backed securities and privately placed

debt, produced financial statements, and researched other client

issues.

KIDDER PEABODY & CO., Boston, MA Summer 1993 & 1994

Sales and Investment Assistant

. Performed a broad range of activities as part of a specialized group

serving the investment needs of individuals and mid-sized

institutions.

Education

M.B.A., concentration in Finance, Boston University Graduate School Of

Management 1998 - 2000

Managed the New England Capital Appreciation Fund as part of an

investment competition. The Fund outperformed the Regional benchmark.

Member of the Graduate Admissions Office participated in the Mentor

Program on behalf of incoming Graduate students.

BA, Economics, Bucknell University, Lewisburg, PA

1991 - 1995

Technology and Skills

Barra Aegis Portfolio Optimizer; Modeling and Simulation in Excel; SPSS;

Statistical Package; Bloomberg; Literate in Investment Performance

Attribution.

Associations

Boston Security Analysts Society, Association of Investment Management and

Research (AIMR).

Interests

Community activities on a volunteer basis (Putnam Direct Giving Committee,

Ride for Hunger, Project Bread, Citizen Schools Junior Achievement Program,

City Year), ice hockey, and golf.

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