{"id":6501,"date":"2007-09-04T00:00:00","date_gmt":"2007-09-04T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"franklin-templeton-buys-into-dubai-asset-manager","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2007\/franklin-templeton-buys-into-dubai-asset-manager.html","title":{"rendered":"Franklin Templeton buys into Dubai asset manager"},"content":{"rendered":"<p>  Reuters &#8211; Franklin Templeton Investments, which manages $621 billion in assets, has bought 25 percent of Dubai&#8217;s Algebra Capital Ltd and wants to grow its business in Arab markets, it said on  Tuesday.<\/p>\n<p>  Franklin Templeton is a unit of Franklin Resources Inc. (BEN.N), the fourth-largest publicly traded U.S. fund manager.<\/p>\n<p>  Algebra expects the value of assets in the professionally managed funds in the Middle East and North Africa to triple over the next five years to more than $200 billion, it said in a statement  announcing the deal.<\/p>\n<p>  The two companies declined to disclose the value of the deal, which gives Franklin Templeton two seats on Algebra&#8217;s board.<\/p>\n<p>  <strong><a href=\"http:\/\/us.rd.yahoo.com\/dailynews\/rss\/business\/*http:\/\/news.yahoo.com\/s\/nm\/20070904\/bs_nm\/templeton_dubai_dc\">Read Complete Article<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters &#8211; Franklin Templeton Investments, which manages $621 billion in assets, has bought 25 percent of Dubai&#8217;s Algebra Capital Ltd and wants to grow its business in Arab markets, it said on Tuesday. Franklin Templeton is a unit of Franklin [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6501","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6501","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6501"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6501\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}