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

Q&A: Jeff Eaton Talks Capital Raising, CalPERS And The Secondaries Market

Oct 14 2014 | 10:16am ET

Global placement agent Eaton Partners has raised close to $60 billion for some of...

Lifestyle

MacDonald-Korth Offers Insights Into Paintings Bought, Sold By Hedgies

Oct 7 2014 | 9:00am ET

Definitive and complete ratings require an in-person examination of an artwork,...

Guest Contributor

PAAMCO: European Equity Exposure - Challenging Year, But All is Not Lost

Oct 16 2014 | 4:12am ET

European equity hedge fund managers have had a tough time so far this year. The...

 

Videos

Editor's Note

    Must Attend Hedge Fund Charity Events For October

    Sep 30 2014 | 9:29am ET

    The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…

 

Futures Magazine

October 2014 Cover

Deeply flawed risk benchmark

Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.