Franklin Templeton Investments has launched a new fund range that will offer European investors access to liquid hedge fund strategies in a UCITS format.
The Luxembourg-domiciled Franklin Templeton Alternatives Funds (FTAF) features five hedge strategies with daily liquidity and transparency from K2 Advisors through its managed accounts platform.
It will be offered as part of K2 Advisors' expanded hedge fund solutioning business model.
The five new liquid hedge fund solutions are Franklin K2 Bardin Hill Arbitrage UCITS, Franklin K2 Chilton Equity Long Short UCITS, Franklin K2 Electron Global UCITS, Franklin K2 Ellington Structured Credit UCITS and Franklin K2 Wellington Technology Long Short UCITS.
The hedge fund strategies will form part of K2 Advisors' business model and will be available to Franklin Templeton's clients for discretionary and advisory mandates.
Bill Santos, senior managing director at K2 Advisors, said: "These managers offer differentiated styles of alpha generation and risks, that are beneficial in providing robust diversification to investors. Our focus is to partner with our clients and be an extension of their team.
"As part of the offering, we will deliver the full capabilities of K2 Advisors' manager research, portfolio construction, risk analytics and technology, in a complete and transparent manner."
Vivek Kudva, managing director, EMEA and India at Franklin Templeton, said: "In Europe, our focus has been on continuing to strengthen and deepen our relationships with our clients, and providing liquid alternative investments products and services in partnership with K2 Advisors' expertise, which is a key differentiator for Franklin Templeton."
K2 Advisors has been investing through daily liquid managed accounts since 2007 and has more than $10bn in assets under management as at 30 June 2019.