Franklin Templeton launches multi-manager fund

The strategy was soft-launched a month ago but is now available to investors across Europe.

It will follow the same strategy as the US-registered Franklin K2 Alternative Strategies funds and is managed by K2 Advisors, a firm that Franklin Templeton acquired in 2012.

The fund is a multi-manager fund that invests in “alternative investment strategies managed by institutional-quality hedge fund managers”.

Franklin Templeton said the fund would look to provide investors with “lower correlations to traditional asset classes, reduced portfolio volatility and attractive risk-adjusted returns, while offering daily liquidity”.