Franklin Templeton is planning to launch a hedge fund management firm in South Korea next year.
The launch of the new firm is gathering industry-wide attention, as Franklin Templeton has an influential position in the domestic bond markets.
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Franklin Templeton’s move follows the growing market for funds of hedge funds as domestic institutional investors began to add alternative investments to their portfolio of stocks and bonds.
"K2 Advisor, which has US$8.7 billion of fund capital, is preparing to launch a hedge fund next year," said Franklin Templeton personnel.
K2 Advisor, in which Franklin Templeton holds a majority stake mainly targets Korean institutional investors.
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By GlobalData
