Complex sentence: In 2009, Putnam launched the industry's first suite of absolute return funds available to U.S. retail investors re-entered the institutional defined contribution business with a 401 (k) product offering.
Split into simpler sentences: In 2009, Putnam launched the industry's first suite of absolute return funds available to U.S. retail investors. Also in 2009, Putnam re-entered the institutional defined contribution business with a 401 (k) product offering.