Hayes joins Franklin Templeton for multi-asset launch

The asset manager is intending to launch a trio of OEIC portfolios for Hayes, subject to regulatory approval, targeting returns in excess of either cash or inflation. Hayes will report to Brent Smith, CIO of Franklin Templeton Multi-Asset Strategies, a division which already runs around $29bn (£19bn) in multi-asset portfolios globally. The new funds will mark the first time the group has brought its multi-asset capabilities to the UK market. Hayes joins Franklin Templeton from Pacific Real Estate Capital Partners, where he developed and co-managed the Liquid Property fund, the firs...