Building upon Franklin Templeton’s acquisition of hedge fund solutions provider K2 Advisors in 2012, this US-registered fund provides access to alternative investment strategies managed by institutional-quality hedge fund managers. The fund seeks to provide investors with lower correlations to traditional asset classes, reduced portfolio volatility and attractive risk-adjusted returns, while offering daily liquidity, the firm said. 

As the fund’s investment manager, K2 Advisors will allocate assets across multiple managers and alternative strategies including event-driven, global macro, long/short equity and relative value. Franklin Templeton said that K2 Advisors will adjust the allocations to these strategies to reflect the team’s top-down market views with the goal of providing capital appreciation and lower volatility relative to the broad equity markets. 

K2 was co-founded in 1994 by William Douglass and David Saunders and is based in Stamford, CT.