Franklin Templeton completes acquisition of Rensburg

Franklin Templeton has today completed its £45m cash purchase of Rensburg Fund Management from Investec.

Rensburg's six-strong team runs UK Equity Income, UK Blue Chip Growth, UK Midcap Growth, UK Select Growth, UK Smaller Companies, and UK Managers' Focus funds, and has about £935m in assets under management. Franklin Templeton says the Leeds-based group's focus on UK equities complements its own offering, which is particularly strong in emerging market equities. Greg Johnson, CEO of Franklin Resources, says: "We are pleased to announce our acquisition of Rensburg Fund Management, an established UK equity manager with over 25 years of experience managing unit trusts. "This acquisitio...