franklin resources inc (BEN) Key Developments
Franklin Templeton and K2 Advisors Introduce Liquid Alternative Long Short Credit Fund for US Investors
Sep 30 15
Franklin Templeton Investments announced the launch of Franklin K2 Long Short Credit Fund (Class A), a multi-manager fund that invests in a variety of credit strategies sub-advised by institutional-quality hedge fund managers. The Fund provides investors with access to a select group of hedge fund managers in a single diversified portfolio, while providing daily liquidity. Franklin K2 Long Short Credit Fund's goal is to provide total return over a complete market cycle through a combination of current income, capital preservation and capital appreciation by investing in a broad range of credit-related investments through experienced alternative strategies managers. K2 Advisors continually adjusts the Fund's allocations to these strategies and sub-advisors to reflect the team's top-down market views, with underlying managers possessing the flexibility to execute high conviction positioning though the use of both long and short strategies. The Fund will allocate to a variety of hedge fund managers selected by K2 Advisors through a rigorous, proprietary due diligence process. The strategies employed by the initial underlying hedge fund managers may include Credit Long Short, Structured Credit, and Emerging Market Fixed Income. The underlying managers may invest in, among other investments, corporate bonds; mortgage-backed securities and asset-backed securities; US Government and agency securities; collateralized debt and loan obligations; foreign government and supranational debt securities; loans and loan participations and derivatives with similar economic characteristics. The Fund may also invest in mortgage dollar rolls, repurchase agreements, reverse repurchase agreements, mortgage real estate investment trusts (REITs) and other similar transactions.
Franklin Resources, Inc. Announces Quarterly Cash Dividend, Payable on October 15, 2015
Sep 16 15
Franklin Resources, Inc. announced a quarterly cash dividend in the amount of $0.15 per share payable on October 15, 2015 to stockholders of record holding shares of common stock at the close of business on September 30, 2015. The quarterly dividend of $0.15 per share is equivalent to the dividend paid for the prior quarter and represents a 25% increase over the quarterly dividend paid for the same quarter last year.
Franklin Templeton Investments Presents at The Public Sector Financing Forum 2015, Sep-30-2015 11:55 AM
Sep 12 15
Franklin Templeton Investments Presents at The Public Sector Financing Forum 2015, Sep-30-2015 11:55 AM. Venue: Kempinski Hotel, Frankfurt, Germany. Speakers: David Smart, Managing Director, Strategic Advisory, Sovereign and Institutional Funds.
Franklin Resources, Inc. Announces Executive Changes
Aug 20 15
Franklin Resources, Inc. announced the appointments of Vijay C. Advani and Jennifer M. Johnson as co-presidents, effective October 1, 2015. Current president, Gregory E. Johnson, will continue in his role as chairman of the board and chief executive officer. The co-president appointments were unanimously approved by the company’s board of directors and reflect their confidence in the continued leadership of Mr. Advani and Ms. Johnson, who have each been with the firm for more than 20 years and have served as members of the ceo’s direct report group since its formation in 2005. As co-presidents, Mr. Advani and Ms. Johnson will now jointly oversee investment management and all related investment management support services, including trading and risk management, in addition to their previous areas of responsibility. Mr. Advani has served in his current role as executive vice president, global advisory services since 2006, responsible for the company’s global retail and institutional strategies and initiatives, including sales, marketing, client service and product development. Ms. Johnson has served as executive vice president and chief operating officer since 2010, overseeing the company’s global transfer agency operations, investment services, technology, human resources and fiduciary trust company international.
Franklin Resources, Inc. Announces the Retirement of John M. Lusk as Executive Vice President - Investment Management
Aug 6 15
On August 4, 2015, Mr. John M. Lusk, Executive Vice President - Investment Management of Franklin Resources, Inc. and a named executive officer of the company, informed the company of his intention to retire effective March 31, 2016.