Franklin Templeton launches global macro fund
Franklin Templeton has announced the soft launch of its FTIF Franklin K2 Global Macro Opportunities fund, a sub-fund of its Luxembourg registered Sicav range.
The new multi-manager Fund seeks to offer total return over a full market cycle through capital appreciation and will aim to achieve this goal by allocating its net assets across global macro oriented ‘alternative’ strategies.
The individual strategies will be managed by a team consisting of Brooks Ritchey and Rob Christian, both senior managing directors at K2 Advisors1, as well as Anthony Zanolla, senior vice president, K2 Advisors.
Vivek Kudva, managing director, EMEA and India at Franklin Templeton Investments, comments on the launch: “Following Franklin Templeton’s strategic acquisition of K2 advisors in 2012 and the success of the FTIF Franklin K2 Alternatives Strategies Fund2, we are excited to give European investors access to this new liquid alternatives strategy.”