Franklin Templeton Investments has announced that it has agreed, subject to the necessary regulatory approvals, to acquire Edinburgh Partners. Edinburgh Partners is an independent fund management house that is headed up by Dr. Sandy Nairn, a former Franklin manager. Dr. Nairn spent ten years at franklin Templeton, between 1990 and 2000, as an executive vice president and the director of global equity research.
It is reported that Sandy Nairn will retain his role as chief executive and investment partner of Edinburgh Partners but he will become also chairman of Templeton Global Equity Group, reporting to Stephen Dover, head of equities at Franklin Templeton.
About Edinburgh Partners
Formed in 2003, Edinburgh Partners is headquartered in Scotland. It also has an office in London and two in the United States. Edinburgh Partners invests globally, with a focus on generating absolute returns over the long-term, and has Assets under management of around $10bn, as of 31 December 2017, invested in global and emerging market equities. Edinburgh Partners manages two investment trusts: EP Global Opportunities Trust and The European Investment Trust.
About Franklin Templeton Investments
Franklin Templeton Investments is a global investment firm that was founded in New York City, in 1947, as Franklin Distributors. The firm, which managed over US $101 billion in assets as of 31 December 2017, has a team of 39 investment professionals, based in offices around the world. It describes itself as searching for undervalued stocks across all sectors and regions globally.
Franklin Templeton snaps up Edinburgh Partners : EP., EUT, TEM