George Putnam, III the principle owner of New Generation Research, Inc., is a graduate of both Harvard Law School and Harvard Business School. He first became involved with distressed securities as a lawyer in the late 1970s. After seeing the inefficient niche that bankruptcies operated in, he founded New Generation Research, Inc. in 1986 with The Turnaround Letter and The Bankruptcy DataSource being the first offerings. Since then he has frequently been quoted in Barron's, The Wall Street Journal, New York Times, USA Today and other financial publications for his thoughts on distressed and bankruptcy investing and research. In 1990, he was named investment advisor of the year by USA Today. In addition to his responsibilities at New Generation Research, Inc., Mr. Putnam also serves as a trustee for The Putnam Companies, a mutual fund group with over $100 billion in assets.