Franklin, K2 Launch Mutual Fund Of Hedge Funds

Nov 19 2013 | 10:57am 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

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note