American Franklin Templeton Introduces European Mutual Fund of Hedge Funds
An American holding company Franklin Templeton Investments, revealed the launch of a European version of its mutual fund of hedge funds.
The
Franklin K2 Alternative Strategies SICAV offers European investors
access to its multi-manager alternatives fund for the first time. The
firm, which bought fund of hedge funds K2 Advisors in 2012, launched the
U.S. version of the fund last year.
The SICAV version will be managed by Rob Christian, Brooks Ritchey and David Saunders.
“For
investors looking to complement their fixed-income and equity holdings
through a diversified, multi-manager, multi-strategy approach with lower
correlations to traditional asset classes, we believe this fund can be
an important tool in their arsenal,” Christian said.
Source: FINalternatives
