Franklin to acquire O’Shaughnessy Asset Management custom indexer


Franklin Resources will acquire quantitative manager O’Shaughnessy Asset Management, which will add to the company’s existing separately managed account business.

The deal is expected to be done by the end of the year and financial terms are withheld, Franklin spokesman Matthew Walsh said in an email.

O’Shaughnessy Asset Management manages factor strategies as well as personalized indexed segregated accounts. The company managed $ 6.4 billion as of Aug.31, including $ 1.8 billion in custom indexed accounts, according to a press release from Franklin.

The 40 employees of O’Shaughnessy will join the Franklin Templeton product solutions business, reporting to company chief Roger Paradiso, but will remain in the OSAM office in Stamford, Connecticut, Walsh confirmed. The Product Solutions business is part of Franklin’s global consulting services business.

“Custom Indexing is aligned with our commitment to bring sophisticated customization to a wider investor audience and I am delighted to welcome the OSAM team to Franklin Templeton,” said Jennifer M. Johnson, President and CEO of Franklin’s leadership, in the press release.

Franklin managed a total of $ 1.57 trillion as of August 31, of which $ 130 billion was separately managed accounts.

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