Templeton Capital Management, the Chattanooga, Tenn., long/short equity shop founded by John Templeton's grandniece, Lauren Templeton, plans to begin trading a third hedge fund on October 1 that will follow investment strategies pioneered by the fabled value-oriented investor himself. Now retired, John Templeton founded a series of value-oriented global mutual funds that account for a substantial portion of what is now Franklin Templeton Investments....