Franklin Templeton reverses course and seeks another 4-year term managing Fondul Proprietatea
Franklin Templeton, the long-time manager of Fondul Proprietatea (FP), has formally notified the Bucharest Stock Exchange that it is now willing to negotiate a new four-year mandate, reversing its earlier decision to withdraw from the…
iulian ernst · Journalist
· Updated · 2 min read
Franklin Templeton, the long-time manager of Fondul Proprietatea (FP), has formally notified the Bucharest Stock Exchange that it is now willing to negotiate a new four-year mandate, reversing its earlier decision to withdraw from the administrator selection process.
According to the announcement, Franklin Templeton International Services - FP's alternative investment fund manager (AIFM) and sole administrator - has presented the key commercial terms for a new mandate to the Fund's Board of Representatives, signalling its intention to remain at the helm.
