Franklin Templeton accelerates hedge fund and alternatives expansion

Franklin Templeton accelerates hedge fund and alternatives expansion

Franklin Templeton is stepping up its push into alternative investments, expanding its hedge fund and private markets platform as part of a broader strategy to move beyond traditional asset management and deepen its exposure to non-public and liquid alternatives, according to a report by The Street. The firm, which oversees roughly $1.68tn in assets, has been steadily scaling its alternatives business, which now totals about $280bn – up from app…