SWFI First Read, February 9, 2017

Franklin Resources Brings on AlphaParity

Franklin Resources, Inc., which operates as Franklin Templeton Investments, announced that the team from New York-based AlphaParity LLC, a risk premia investment firm, will join its Franklin Templeton Solutions platform. Founded in 2012 by Steve Gross and Joshua Smith, AlphaParity oversees roughly US$ 500 million as of December 31, 2016, in custom portfolio solutions for pension funds, foundations, family offices and alternative asset managers. However, Steve Gross, a former portfolio manager at Tudor Investment Corporation, is the principal owner of AlphaParity before the deal. AlphaParity serves as a sub-advisor to the Blackstone Alternative Multi-Manager Fund. AlphaParity had approximately US$ 61 million in assets under management as of February 1, 2014.

AlphaParity was advised by Citi and Lax Law LLP and Franklin Templeton Investments was advised by Weil, Gotshal & Manges LLP.

The Gambia Explores Sovereign Fund Formation

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