Sacramento, Calif. (Nov. 6, 2003) -- After institutional funds in Massachusetts, New York and several other states ended their relationship with Putnam Investments as a result of a trading scandal, California’s gargantuan pension funds -- the California Public Employees Retirement System and the California State Teachers Retirement System -- may sever their ties with Putnam as well.

California state treasurer Phil Angelides called for CalPERS and CalSTRTS to pull out their aggregate $1.5 billion in Putnam investments.

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