Franklin Templeton Acquires Data Science Investment Firm Random Forest Capital

From Franklin Templeton Investments
Contact Peter Joblin
Telephone +65 6432 9767

Singapore, March 20, 2018 – Franklin Resources, Inc. [NYSE:BEN], which operates as Franklin Templeton Investments, today announced the acquisition of Random Forest Capital, LLC (“Random Forest”), an investment firm with expertise in data science and non-bank marketplace lending. Following the acquisition, the Random Forest team will join the Franklin Templeton Fixed Income Group investment team. Terms of the transaction were not disclosed.

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