Franklin Templeton Investments' parent Franklin Resources has effectively expanded its alternatives offerings.

The San Mateo, Calif-based company completed its acquisition of a majority stake in fund of hedge funds manager K2 Advisors from private equity shop TA Associates. Franklin Templeton will also, beginning in 2016, acquire the remainder of K2 over a multi-year period.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.