Templeton, already suffering relatively poor returns because of its entrenched value investment appr...
Templeton, already suffering relatively poor returns because of its entrenched value investment approach, has received a further blow with the resignation of fund manager and head of research Sandy Nairn. Nairn, who had been with the company since 1990, ran the $585m Global Growth fund and the Euro 545m Global Growth (Euro) fund. Both Luxembourg-based funds were run using a bottom-up, value-based philosophy. A Templeton spokesman said the funds would probably be managed from the US in future. Templeton has over 200 investment professionals based in the US and most of the SICAV funds are a...
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