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...Sieg has told employees that part of his strategy is to sell clients more investment products and get paid a management fee on their assets, according to people familiar with the matter....
...Traditional asset managers such as Franklin Templeton, AllianceBernstein and T Rowe Price have been racing to snap up alternative providers, including infrastructure, private equity and private credit funds...
...Neuberger Berman and Franklin Templeton declined to comment....
...“The institutional bit of alts has slowed down,” said Jenny Johnson, chief executive of the fund manager Franklin Templeton....
...Within Romania itself, “by no means is the Fondul story played out”, Franklin Templeton’s Meyer said....
...Beyond the obvious and well-documented challenges of being a very traditional active asset manager in a world that mostly loves alternatives and passive funds, Franklin also has a rep for being a bit old-fashioned...
...As part of her strategy, she has announced plans to pull out of retail banking from 14 overseas markets....
...Two years ago Franklin Templeton launched a tokenised fund but had attracted only $360mn in assets by the end of March....
...My colleague Madison Darbyshire’s read on Franklin Templeton, from January, covered the same terrain but focused on a single firm....
...“You have this huge concentration of seven stocks, and that’s risky,” said Jenny Johnson, the chief executive of active manager Franklin Templeton....
...The French giant follows US peers BlackRock, Franklin Templeton and T Rowe Price, all of which have snapped up alternatives specialists as they seek new avenues of growth — although the Alpha Associates...
...DiNello said the involvement of Mnuchin, Otting and Berlinski was “a positive endorsement of the turnaround that is under way and allows us to execute on our strategy from a position of strength”....
...Bitcoin ETFs from iShares, Fidelity and Cathie Wood’s Ark Investment Management have taken in the most new cash since their launch, while similar products from Wisdom Tree, Valkyrie and Franklin Templeton...
...BlackRock, the most successful of the new ETFs, had inflows of $527mn this week but others, such as Invesco, Franklin Templeton and Valkyrie, had minimal inflows....
...“[They] are not abandoning the EV strategy, just downsizing it until the business is profitable,” they said. The EV fiasco has left Hertz in a precarious position....
...Faced with intensifying competition and a conservative growth strategy, Greenhill failed to keep pace with rivals....
...Franklin Templeton has agreed to buy rival Putnam Investments for more than $1bn as the California-based asset manager continues its expansion into alternative products and retirement plans....
...*Piece has been changed since publication to reflect that Franklin Templeton launched the first tokenised money market fund in 2021 and not 2023....
...Goldman on Tuesday said it had surpassed a fundraising target of $225bn at its so-called alternatives business, a vital plank of that strategy that includes private equity, private credit and real estate...
...The regulator approved the ETFs from Ark Invest and 21 Shares, Bitwise, BlackRock, Fidelity, Franklin Templeton, Grayscale, Hashdex, Invesco, Valkyrie, VanEck and WisdomTree....
...But Wylie Tollette, chief investment officer at Franklin Templeton Investment Solutions, said Tuesday’s inflation reading was “just about perfect for sustaining the market rally, as it’s not too hot [and...
...Morgan Stanley moved to a wealth-driven strategy in 2009 and has generated 58 per cent of pre-tax income from asset and wealth management this year....
...So that’s a real disadvantage to an active ETF,” says Johnson of Franklin Templeton....
...For instance, Franklin Templeton’s INCM costs 38 basis points, compared with 62bp for the nearest mutual fund alternative. “It creates competition for their existing products,” said Armour....
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