Tuesday, 21 October 2014
Last updated 10 min ago
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.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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…
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 ...