Franklin Templeton Completes Acquisition of Pelagos Capital

June 24, 2013

On June 17, 2013, Franklin Resources, Inc. (NYSE: BEN), which operates as Franklin Templeton Investments, announced that it acquired alternative investments specialist Pelagos Capital Management, LLC.


On June 17, 2013, Franklin Resources, Inc. (NYSE: BEN), which operates as Franklin Templeton Investments, announced that it acquired the remaining 80 percent stake in Pelagos Capital Management, LLC, which follows Franklin Templeton’s acquisition of its initial 20 percent equity stake in Pelagos in 2010.  Pelagos Capital is a Boston-based alternative investments specialist focused on commodities, managed futures, and hedge fund replication.  San Mateo, California-based Franklin Templeton has approximately $846 billion in assets under management.  Terms of the transaction were not disclosed.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions