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Tuesday, July 08, 2008|
Fund World Loses an Investing Legend
Legendary investor Sir John Templeton, has died. Templeton's obituary ran Tuesday in the U.K. Telegraph. Templeton, 95, died at his home in the Bahamas from pneumonia.
Templeton founded his eponymous fund group in 1954 and went on to sell it to Franklin Group in 1992 for $440 million. After the sale, Templeton retired from the fund business to focus on religious and spiritual pursuits. The Templeton Growth Fund was the top performing growth fund in the second half of the 20th century.
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