The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Post-Deal, Franklin's CEO Still Hungers Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, November 05, 2012

Post-Deal, Franklin's CEO Still Hungers

News summary by MFWire's editors

If you've got an alts shop you're looking to unload, keep Greg Johnson on your speed dial.

The Financial Times scored an interview with Johnson, Franklin Templeton's CEO and president, who told the paper that he is still looking to deal, following last month's purchase of K2 Advisor Holdings.

Johnson wants to raise Franklin's presence in alts, which he thinks will be buoyed by stronger institutional and retail demand in the coming years. But he doesn't want to make big, "transformational" buys; rather, he's looking at "smaller, experienced specialist asset managers," according to FT reporter Ruth Sullivan.

Discussing Franklin's deals over the last decade, Johnson said, "At some point you get diminishing returns on your distribution. You can't keep adding large asset managers and think you're going to just leverage that through your existing distribution system."

He went on to say that integrating newly purchased companies "is a huge challenge because it is a people-driven business. Many [acquisitions] will not be successful." He added, "[i]t's the boutique feeling with the big firm benefits that works."

For Johnson's further pontifications on Franklin and the mutual fund business in general, read the full article

Edited by: Chris Cumming

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2020: Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2020
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use