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In general, an asset management company is a company that is engaged primarily in the business of investing in, and managing, portfolios of securities. A study by consulting firm Casey Quirk, which is owned by Deloitte, found that asset management firms ended 2020 with record highs in both revenue and assets under management. [1]
In 2007 TA Associates acquired a minority interest in K2 advisors for an undisclosed amount of money. [1] [2] [6] [8] In 2011, K2 Advisors considered selling the firm with The Carlyle Group being one of the main bidding frontrunners. [1] [2] In 2012, K2 Advisors was acquired by Franklin Templeton Investments.
Franklin's (BEN) third-quarter fiscal 2022 results display top-line weakness and a decline in AUM, whereas lower expenses alleviate the bottom-line pressure to some extent.
Franklin Resources' (BEN) third-quarter fiscal 2019 (ended Jun 30) earnings highlight strong capital position, partly muted by escalating expenses, lower revenues and overall net outflows.
AUM: $35 billion (2023) Number of employees. 180: ... [10] [11] [12] The credit platform was sold to Franklin Templeton Investments in October 2018. [13] In 2014 ...
In 2021, Franklin Templeton Investments acquired Legg Mason for $4.5 billion. [14] As Clarion was a subsidiary under Legg Mason, it has now become a subsidiary under Franklin Templeton Investments. [15] On September 11, 2005, Co-founder Weisz passed away. [16] On May 13, 2014, Co-founder Sullivan retired from the firm. [4]
AUM: US$193.3 billion (September 2024) Number of employees. 285 (2024) Parent: ... Currently it is a subsidiary of Franklin Templeton Investments. History
Rank Firm Headquarters Assets under management 1: Andreessen Horowitz: Menlo Park, CA: $42.0B 2: Sequoia Capital: Menlo Park, CA: $28.3B 3: Dragoneer Investment Group