Franklin, K2 Launch Mutual Fund Of Hedge Funds

Nov 19 2013 | 11:57am ET

Franklin Templeton Investments is rolling out a new mutual fund of hedge funds, managed by the fund of hedge funds business it bought last year.

The Franklin K2 Alternative Strategies Fund is the mutual-fund giant's first multi-manager, multi-strategy mutual fund focused on alternative investments. The fund will offer daily liquidity.

"In today's volatile, low-interest-rate environment, many investors are looking for actively-managed investment solutions from established managers employing strategies that can help reduce volatility in unpredictable markets while providing attractive risk-adjusted returns," K2 co-founder David Saunders, a co-manager of the new fund, said. "We believe this fund is an ideal solution to meet those needs, and are thrilled to offer retail investors access to several of the strategies and managers that K2's institutional investors have long had access to."

Among those managers will be Chatham Asset Management, Chilton Investment Co., Lazard Asset Management, P. Schoenfeld Asset Management and York Capital Management, Franklin Templeton said.

Franklin Templeton bought a majority stake in K2 last year, and has the option to acquire the rest of the firm in 2016.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

AIMA: How The U.K.'s SMCR Will Affect U.S. Firms

Jun 20 2017 | 6:29pm ET

U.S. investment managers need to think seriously about how tough new U.K. conduct...

 

From the current issue of