Diversified Fund Leverages K2 Advisors' Alternative Solutions Expertise and Relationships with Institutional Quality Hedge Fund Managers TORONTO, Nov. 7, 2016 /CNW/ - Franklin Templeton Investments Corp. today introduced Franklin K2 Alternative Strategies Fund to accredited retail investors in Canada. Previously available only to institutional investors in Canada, this multi-manager, liquid alternative strategy provides access to top-tier hedge fund managers with strong track records of delivering attractive risk-adjusted returns over multiple market cycles. With its diversified portfolio of hedge strategies, the fund seeks to provide attractive risk-adjusted returns with reduced portfolio volatility and lower correlations to traditional asset classes. "We are pleased to open this fund to Canadians who are looking for an investment that can potentially reduce volatility in unpredictable markets, while providing the potential for attractive risk-adjusted returns," said Duane Green, managing director, Canada, Franklin Templeton Investments Corp. "Franklin K2 Alternative Strategies Fund provides a unique approach among hedge fund structures available in Canada, including offering a lower flat fee relative to the norm for hedge fund pricing, as well as daily liquidity and sub-advisor transparency." The fund invests substantially all of its assets in the underlying FTIF Franklin K2 Alternative Strategies Fund 1, which is managed by portfolio managers David Saunders, founding managing director, Brooks Ritchey, senior managing director and head of portfolio construction, and Rob Christian, senior managing director and head of research, at K2 Advisors. The portfolio management team dynamically allocates FTIF Franklin K2 Alternative Strategies Fund's assets across multiple unaffiliated managers who pursue hedged strategies, including event driven, global macro, long short equity and relative value. 2 Each of these sub-advisors in turn invests across a range of securities, which may include but are not limited to, equity and equity-related securities, debt securities, financial derivative instruments and exchange-traded notes. "A key benefit of including alternatives in an individual investor's portfolio is that returns are less correlated with traditional long stock or long bond portfolios," said Ritchey. "Rather, returns are driven by manager stock selection expertise and enhanced investment flexibility. By having the ability to have both long and short exposure, the manager has a greater opportunity to generate returns in both rising and falling markets."