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(Bloomberg) -- Franklin Resources Inc. is buying Putnam Investments from its Canadian owners in a bid to grow assets as traditional fund managers face pressure to consolidate and tap new markets.

Global asset manager Franklin Templeton announced Wednesday it is forming a crypto unit—Frankling Crypto—following its acquisition of 250 Digital, a crypto investment firm and spinoff from CoinFund.

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Asset management is a funny business. By funny, we mean an unending, bloody, Mad Max-style battle to avoid ...

Franklin Templeton has agreed to acquire Lexington Partners L.P., a global manager of secondary private equity and co-investment funds. The purchase price is $1.75 billion. SAN MATEO, Calif.–(BUSINESS ...

Franklin Templeton is a company, which is based out of San Mateo, CA. Franklin Income Adviser debuted in August 1947. Since then, Franklin Templeton has accumulated assets of about $1.4trillion, ...

Franklin Resources Inc.BEN0.32%increase; green up pointing triangle agreed to buy rival asset manager Legg Mason Inc. for $4.5 billion in cash, a deal that could help two big players in an industry ...

(Bloomberg) — Franklin Resources Inc. is buying Putnam Investments in a deal that unites two established asset management firms and offers Canada’s billionaire Desmarais family a way out of a troubled ...