Franklin Templeton Investments has introduced its first multi-manager, liquid alternative strategy in Canada.
Franklin K2 Alternative Strategies Fund provides institutional investors access to a diversified portfolio of alternative investment strategies managed by institutional hedge fund managers, which seeks to provide investors with lower correlations to traditional asset classes, reduced portfolio volatility and attractive risk-adjusted returns, while offering daily liquidity.
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“In today’s volatile, low interest rate environment, Canadian institutional plans are looking for investment options that can help reduce volatility in unpredictable markets, while providing attractive risk-adjusted returns,” says Dan Elsberry, head of alternatives, North America advisory services with Franklin Templeton Investments.
The new fund invests substantially all of its assets in the underlying FTIF Franklin K2 Alternative Strategies Fund.
The portfolio managers allocate FTIF Franklin K2 Alternative Strategies Fund’s assets across multiple managers and alternative strategies, including event driven, global macro, long short equity and relative value.
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