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Franklin Templeton’s Putnam buy raises doubts about scaling old-school asset management
The $1.4 trillion fund company continues to grow through acquisitions in a shrinking category.
Franklin Templeton makes ESG hire from CalPERS
James Andrus had been at the pension system since 2014 and most recently served as its interim managing investment director for sustainable investing.
American Funds gets the trophy at Lipper Awards
In the economic aftermath of the pandemic, some strategies performed better than others.
Fintech Bytes: Morgan Stanley AI, Docupace hires Lori Hardwick, and Franklin Templeton integrates LifeYield
Here are some of the other fintech headlines you may have missed this week.
‘Central Park Karen’ lawsuit over firing thrown out
Judge rejects Amy Cooper's suit against Franklin Resources in which she claimed racial and sexual discrimination and defamation.
‘ESG integration’ a sticking point in SEC proposals
In comment letters, fund companies and industry groups ask for more clarity from the regulator.
Parents getting schooled on 529 plans as kids return to campus
This year's slide in stocks and bonds hasn't been pleasant for anyone, but it's been most disheartening for those with kids heading off to college this fall.
CAIS alternatives platform valued at $1.1 billion after latest funding round
The platform has now received four rounds of outside funding in less than two years from investors that see the potential for diversification in the current market environment.
Jim O’Shaughnessy exiting OSAM at end of year
The custom indexing pioneer launched O’Shaughnessy Asset Management in 2007 and has been serving as chairman, co-CIO and portfolio manager.
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.
Tifin closes $109 million round of funding
The latest round, led by Franklin Templeton and Motive Partners, brings Tifin's valuation to $842 million.
Franklin subsidiary rolls out more custom ESG tweaks for SMAs
The service has more data visualization, ESG-specific performance reporting and allows country exclusions.
Franklin Templeton picks Ascensus for its managed account offering
Fund firm will use tools to increase personalization of its retirement accounts.
Franklin Templeton hires ESG exec from Calpers
Anne Simpson developed and executed the sustainability investment strategy for the giant California pension plan.
Alts provider CAIS lands $225 million in funding
As the number of publicly traded companies steadily declined over the past decade, investor interest in the private markets has increased markedly.
Franklin Templeton joins shift to low-cost ETFs
The asset manager plans to convert two mutual funds holding roughly $250 million in assets into exchange-traded funds by the third or fourth quarter of next year.
The latest in financial #AdviserTech — October 2021
This month’s #AdviserTech roundup includes Franklin Templeton’s purchase of O’Shaughnessy Asset Management and its Canvas direct index platform; Morningstar’s acquisition of Moorgate Benchmarks; Betterment for Advisors’ shift from TAMP to RIA custodian competitor; and the SEC’s inquiry into when fintech-driven nudges become bona fide investment advice.
Franklin Templeton buys $6.4 billion money manager O’Shaughnessy
The deal makes Franklin the latest fund company to strike a deal for a direct indexing business. O'Shaughnessy's custom indexing unit, Canvas, has amassed $1.8 billion in assets since it started in 2019.
Franklin Templeton builds on its tech for 401(k) managed accounts
The company recently announced partnerships with Stadion and vWise for its Goals Optimization Engine.
Wells Fargo Asset Management rebrands with new CEO
Legg Mason vet Joe Sullivan is bullish on the future of Allspring Global Investments. The $604 billion asset management arm of Wells Fargo & Co. is being acquired for $2.1 billion by GTCR and Reverence Capital Partners.
