Franklin Resources, Inc., which operates as Franklin Templeton Investments, today announced that it has acquired the remaining 80 percent stake of alternative investments specialist Pelagos Capital Management, LLC, to become a 100 percent equity stakeholder. Franklin Templeton acquired its initial 20 percent equity stake in Pelagos in 2010.<\/p>\n
William Yun, CFA, executive vice president, Franklin Templeton Alternative Strategies, said \u201cWe\u2019ve developed a strong relationship with Pelagos since our initial investment in 2010 and after seeing growing interest from investors in alternative investment strategies, we are pleased to announce the completion of this acquisition.\u201d<\/p>\n
Yun added, \u201cThe continued expansion of Franklin Templeton\u2019s alternatives and solutions platform has been a core strategic initiative for our business. The completion of the Pelagos acquisition represents an important step in our efforts to create new investment strategies and broaden our offerings across multiple distribution channels.\u201d<\/p>\n
\u201cFranklin Templeton\u2019s extensive global platform, product development expertise and established distribution network has helped bring Pelagos\u2019 investment strategies to investors worldwide,\u201d said Stephen Burke, CEO of Pelagos Capital. \u201cWe look forward to continue growing this relationship as a wholly-owned subsidiary.\u201d<\/p>\n
Pelagos, an independent investment advisor founded in 2005 by Stephen Burke and John Pickart, is based in Boston, MA. Pelagos\u2019 mission is to create alternative investment solutions that seek to enhance overall returns and lower portfolio volatility. Pelagos manages three distinct alternative investment capabilities including a commodity strategy, a managed futures strategy, and a hedge fund replication strategy. The Pelagos team implements an investment process highlighted by a top-down approach to global macroeconomics, quantitative focused models based on fundamental analysis, disciplined multi-level risk controls, and institutional-quality implementation and transparency.<\/p>\n
Pelagos\u2019 commodities and managed futures strategies are currently available as underlying investments within the Franklin Templeton Multi-Asset Real Return Fund, the Franklin Templeton Allocator Fund Series (Conservative, Moderate, Growth), and Franklin LifeSmart\u2122 Retirement Target Funds, all of which are managed by Franklin Templeton Multi-Asset Strategies.<\/p>\n
Franklin Templeton Alternative Strategies oversees the company\u2019s specialized and alternative investment businesses globally. In addition to Pelagos, these businesses include:<\/p>\n
\u00b7 the multi-asset strategies and customized portfolios of Franklin Templeton Multi-Asset Strategies;
\n\u00b7 the integrated hedge fund product solutions of K2 Advisors, in which Franklin Templeton holds a majority stake;
\n\u00b7 the emerging markets private equity and mezzanine finance capabilities of Darby Private Equity;
\n\u00b7 the global property and real asset offerings of Franklin Templeton Real Asset Advisors; and
\n\u00b7 the company\u2019s asset management joint ventures in China and Vietnam.<\/p>\n
Franklin Templeton Investments provides global and domestic investment management solutions managed by its Franklin, Templeton, Mutual Series, Bissett, Fiduciary Trust, Darby, Balanced Equity Management and K2 investment teams. The San Mateo, CA – based company has more than 65 years of investment experience and over US$846 billion in assets under management as of May 31, 2013. <\/p>\n","protected":false},"excerpt":{"rendered":"
Franklin Resources, Inc., which operates as Franklin Templeton Investments, today announced that it has acquired the remaining 80 percent stake of alternative investments specialist Pelagos Capital Management, LLC, to become a 100 percent equity stakeholder. Franklin Templeton acquired its initial […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,4],"tags":[],"class_list":["post-36289","post","type-post","status-publish","format-standard","hentry","category-press-releases","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=36289"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36289\/revisions"}],"predecessor-version":[{"id":36290,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/36289\/revisions\/36290"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=36289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=36289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=36289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}