Franklin Templeton Investments launched its first hedge fund mutual fund Nov. 18. The Franklin K2 Alternative Strategies Fund uses a multi-strategy, hedge fund-of-funds structure, managed by Franklin Templeton subsidiary K2 Advisors.
Included in K2's initial manager lineup are hedge fund managers Basso Capital Management, Chatham Asset Management, Chilton Investment, Impala Asset Management, Jennison Associates, Lazard Asset Management, Loomis Sayles, P. Schoenfeld Asset Management and York Capital Management.
