Fri, Oct 31, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Franklin Templeton & K2 Advisors launch '40 Act fund

Wednesday, November 20, 2013

amb
David C. Saunders
Bailey McCann, Opalesque New York:

Franklin Templeton and K2 Advisors have launched a multi-manager, multi-strategy mutual fund focused on alternative investment strategies, the Franklin K2 Alternative Strategies Fund. The fund is designed to be roughly similar to the K2 flagship fund. Franklin Templeton took a majority stake in K2 last year.

As the Fund’s investment manager, K2 Advisors will dynamically allocate assets across multiple managers and alternative strategies, including event driven, global macro, long short equity and relative value. K2 Advisors will continually adjust the allocations to these strategies to reflect the team’s top-down market views with the goal of providing capital appreciation and lower volatility relative to the broad equity markets.

"I think this is maybe the time to launch a product like this given where the market is at," David C. Saunders, co-lead portfolio manager of Franklin K2 Alternative Strategies Fund and cofounding managing director of K2 Advisors tells Opalesque. "For the first time in markets you have a situation where bonds may not be the safe haven. Bonds have really had a 30 year bull market, but I think what happened in June was really a shot across the bow, and that increase in rates was a precursor of what is to come. I think you could see, for the first time, bondholders take losses on that paper. There is a demand with retail investors to find other solutions to add to the portfolio beyond ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Macks aim to raise $750m for real estate debt fund[more]

    From Therealdeal.com: Father-son duo William and Richard Mack and former Blackstone Group managing director Peter Sotoloff are starting a new real estate debt fund. Together, the trio hopes to raise more than $750 million for the private equity fund, according to the Wall Street Journal. The fund wi

  2. Manager Profile - Seth Klarman: Lessons for retail and institutional investors[more]

    From Valuewalk.com: Seth Klarman is virtually unknown outside value circles, despite his impressive record and value of assets under management. On average Baupost has returned 19% p.a. despite holding a large portion of its assets in cash. During the financial crisis, Seth Klarman’s funds lost some

  3. North America - FATCA leads 75% of U.S. expats to consider dropping citizenship[more]

    From International-adviser.com: Nearly three quarters of American expats are considering the renouncement of their citizenship following July’s introduction of the “absurd” Foreign Account Tax Compliance Act (FATCA). The findings, which were revealed in a survey by deVere, come alongside the news th

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t