The fourth executive in four months has left Putnam Investments and the firm has yet to hire replacements for any of them, according to Fund Action. Also, China Life Insurance Company Limited, has subscribed for nearly $300 million worth of shares of Visa, reports SinoCast. Meanwhile, financial services group HFA Asset Management is launching a new fund in its capital-protected Octane series of absolute return investment funds, reports MoneyManagement. Finally, Fitch Ratings says it expects Japan's Financial Instruments and Exchange Act to have no significant impact on the ratings of commercial mortgage backed securities, reports Thomson Financial.
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