Chasing Alts while the core bleeds | Franklin Templeton Discussions

ny · 2026-04-07T21:45:00.000Z

We are buying up private equity firms and alternative managers like it’s a sale, but our core mutual fund business is seeing massive outflows. The legacy teams feel like they are being phased out. It is a high-society culture in San Mateo that feels very disconnected from the reality of the average investor.