Franklin Resources has acquired the remaining 80% stake of alternative investments specialist Pelagos Capital Management. Franklin Templeton acquired its initial 20% equity stake in the Boston-based alternative investment shop in 2010.

Pelagos' commodities and managed futures strategies are currently available as underlying investments within the Franklin Templeton Multi-Asset Real Return Fund (FRKMARR), the Franklin Templeton Allocator Fund Series (FTMTX), and Franklin LifeSmart Retirement Target Funds.

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