Franklin CEO Warns Bitcoin Distracts From ‘Greatest Disruption’
Jenny Johnson also discusses the “democratization” of private assets on “Bloomberg Wealth With David Rubenstein.”
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Franklin Templeton’s Jenny Johnson is confronting the kind of problem her grandfather encountered decades ago.
With companies now taking longer to go public, Johnson wants to bring more private investment opportunities to everyday customers. The chief executive officer of the $1.4 trillion money-management giant sees the “democratization of private assets” as analogous to her grandfather offering mutual funds to retail investors at a time when it was hard to diversify.