Investor Services The Trustee of Franklin Templeton decided to wind up six of our debt schemes in April 2020. The difficult decision was taken because the markets had become illiquid due to the severe impact of COVID-19. The sole objective of this decision was to safeguard value for our investors.
Franklin Templeton itself is under pressure with its stock underperforming the market as a result of withdrawals from subsidiary Western Asset Management, after co-chief investment officer Ken Leech was placed on a leave of absence following investigations from the SEC into his trading actions.
Investor Services The Trustee of Franklin Templeton decided to wind up six of our debt schemes in April 2020. The difficult decision was taken because the markets had become illiquid due to the severe impact of COVID-19. The sole objective of this decision was to safeguard value for our investors.
The private equity contract is the merger agreement between the target and private equity acquisition fund or consortium of funds.
Over the past decade, Franklin Templeton has transformed into one of the world's largest asset managers built on a foundation of close partnerships with our clients and meeting their need for expertise across every major asset class in both public and private markets.
Franklin Templeton is laying off 3% of its personnel after months of outflows from its bond subsidiary Western Asset Management (WAM). The layoffs will be across departments and regions globally, impacting about 300 of its 10,000-strong workforce, a spokesperson confirmed to Citywire.
Though much has changed in its more than 75-year history, Franklin Templeton's focus remains helping people all over the world achieve the most important financial milestones of their lives.
Give us a call at (800) 632-2301.
Equity agreements allow entrepreneurs to secure funding for their start-up by giving up a portion of ownership of their company to investors. In short, these arrangements typically involve investors providing capital in exchange for shares of stock which they will hold and potentially sell in the future for a profit.
Equity Contract means a contract which is valued on the basis of the value of underlying equities or equity indices and includes related derivative contracts.