Franklin Resources, which operates as Franklin Templeton
Investments, has agreed to acquire a majority stake in K2
Advisors, an independent fund of hedge funds manager that has
$9.3 billion under management.
In the past two years, more than 20 FoHFs have undergone
some form of merger or acquisition deal, and the momentum is
unlikely to slow down, according to the September issue of
This acquisition will enhance Franklin Templeton's
alternative investments and multi-asset solutions platforms.
The proceeds of this acquisition by Franklin Templeton will be
used by K2 Advisors to purchase all of the equity currently
held by TA Associates and to retire all of K2's debt...