Boston-based mutual funds giant Putnam Investments is laying off another 100 workers, bringing this year's cuts to 400 and leaving 1,800 employed, reports the Boston Herald here.

Separately, Baltimore-based retail investor Legg Mason is looking to buy smaller firms, reports Financial Times', citing the firm's cash hoard and boss Mark Fettig's recent statement he'll "continue to pursue investment opportunities for growth, whether it's liftouts, bolt-ons or targeted acquisitions."