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Franklin Templeton is reportedly planning to cut jobs at its beleaguered subsidiary, Western Asset Management, following ongoing investigations into the bond shop. Franklin acquired WAM in 2020 from Legg Mason and has generally given the firm the freedom to operate independently.
Today, Franklin Templeton is one of the largest managers of alternative assets globally.
Investors were left shaken when Franklin Templeton took the unprecedented decision to wind up six of its debt funds on 23 April 2020. A crippling market dislocation, fed by the onset of the Covid pandemic, had sucked out liquidity from the funds' underlying holdings.
Templeton started his Wall Street career in 1938 and went on to create some of the world's largest and most successful international investment funds.
Key Takeaways. Established more than 70 years ago, Franklin Templeton Investments is a large asset management company. Known for its actively managed mutual funds, Franklin Templeton offers a wide variety of strategies across several asset classes.
Franklin Resources, Inc. is an American multinational holding company that, together with its subsidiaries, is referred to as Franklin Templeton; it is a global investment firm founded in New York City in 1947 as Franklin Distributors, Inc.
He named the company for US founding father Benjamin Franklin because Franklin epitomized the ideas of frugality and prudence when it came to saving and investing.
To make an online withdrawal: Sign in to the Franklin Templeton account. On your dashboard find the account you wish to withdraw from. Click on the Sell option and follow the process.
Franklin Resources, Inc. NYSE:BEN, one of the world's largest investment managers, is better known as Franklin Templeton. Through our distinct specialist investment managers, we offer specialization on a global scale, bringing extensive capabilities in fixed income, equity, alternatives and multi-asset solutions.