Templeton wins rare approval for alts fund retail launch

Franklin Templeton has launched Singapore’s first liquid multi-manager alternatives fund for retail investors. The city-state is the second Asian market, after Korea, that the fund has attained regulatory approval for retail distribution. However, there are worries that the new fund’s performance will suffer from negative selection bias because it will not be able to attract the best managers. Speaking to AsianInvestor yesterday as the Franklin K2 Alternative Strategies Fund l…