Franklin Templeton launches long-short credit fund

Franklin Templeton has soft-launched the Franklin Templeton FTIF Franklin K2 Long Short Credit Fund2, a sub-fund of the Luxembourg-registered Franklin Templeton Investment Funds (FTIF) SICAV range.
It follows the launch of the Franklin Templeton K2 Global Macro Opportunities Fund last month, the new long-short credit fund is the third liquid alternatives offering of the group’s FTIF range.
The new fund seeks to offer total return through a combination of current income, capital preservation and capital appreciation, while providing daily liquidity and a flat management fee.
As a multi-manager fund, it will be sub-advised by hedged fixed income managers, selected by the fund’s investment management team, consisting of David Saunders, founding managing director, Rob Christian, senior managing director, Jeff Schmidt, managing director of portfolio construction and Charmaine Chin, managing director at K2 Advisors,