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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration

Sovereign Fund Fondul Proprietatea appoints investment manager

Posted on 01 March 2010

From Bi-me.com: Franklin Templeton Investments recently completed the signing of the investment management agreement, appointing it as investment manager of the Fondul Proprietatea Romanian equity assets, after being selected from among several leading asset managers.

The Fund, valued at approximately €2.4 billion1 (US$3.5 billion), was launched in December 2005 to compensate Romanians whose properties were confiscated by the country’s former communist regime…………………………………….Full Article: Source

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