Franklin Templeton buying Alcentra in European credit push
The deal for Bank of New York Mellon's European credit and debt subsidiary expands Franklin Templeton's access to alternative investments.
Franklin Resources Inc. agreed to buy Bank of New York Mellon Corp.’s European credit and debt subsidiary, Alcentra, as the money manager bets bigger on alternative assets to boost performance.
The acquisition will increase Franklin’s alternatives assets under management to $257 billion, the
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