Hasenstab heads up new Franklin Templeton international FX fund
New Post has been published on http://u.to/txdFDw
Hasenstab heads up new Franklin Templeton international FX fund
© Reuters. Hasenstab heads up new Franklin Templeton global FX fund
LONDON (Reuters) – U.S. fund manager Franklin Templeton said on Monday it was launching a new global currency fund headed by its star bond investor Michael Hasenstab and one of his chief lieutenants.
Hasenstab, who has made his name buying markets shunned by others, such as Ireland at the height of its debt crisis, said the new fund would take “long” or “short” exposure to currencies of any country, including developed and developing markets.
“While our investment philosophy and approach to managing currencies has remained unchanged over nearly three decades, this new fund enables us to focus on our high-conviction currency views,” California-based Hasenstab said.
The new fund’s other main manager will be Sonal Desai, who is senior vice president and director of research at Templeton’s flagship $ 130 billion global macro division.
The launch comes at time of high volatility in global foreign exchange markets, with Britain’s pound and Japan’s yen both moving more than 15 percent against the dollar this year, while several big emerging market currencies have soared. (For graphic click
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Read More http://u.to/txdFDw












