Franklin Resources (BEN) Tops Q4 EPS by 22c
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Franklin Resources (BEN) Announces Acquisition of Benefit Street Partners L.L.C
October 25, 2018 8:17 AM EDTFranklin Resources, Inc. (NYSE: BEN), a global investment management organization operating as Franklin Templeton Investments (Franklin Templeton), today announced that it has entered into an agreement to acquire Benefit Street Partners L.L.C. (BSP), a leading alternative credit manager with approximately $26 billion in assets under management as of September 30, 2018. The acquisition will bolster Franklin Templetons alternative offerings and expand its robust fixed income capabilities to include an array of alternative credit strategies, at a time when investors are increasingly allocating capital to less liquid and higher yielding credit opportunities.
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