For some time now, pension funds and other institutional investors have been looking for new ways to hedge against inflation and generate solid, reliable income. By hiring seasoned industry professional Joyce T. Shapiro, Franklin Templeton Real Estate Advisors (FTREA) believes it has found a way to deliver on both demands.
FTREA, a unit of San Mateo, Calif.-based Franklin Resources, Inc., brought Shapiro on to expand the group. Using a fund-of-funds approach, FTREA will bring on several asset managers with expertise in the agriculture, energy, infrastructure, timber and water sectors, also known as real assets. Those sectors traditionally have strong revenue bases, according to Jack Foster, head of real estate at Franklin Templeton.