Franklin Templeton’s Priority Is To Boost FP’s Value Not Invest In Romanian Economy, Manager Says

04.24.2013 By Roxana Pricop

Franklin Templeton, the administrator of Romanian investment fund Fondul Proprietatea, collected around 95 million lei in the two and a half years since it took over the mandate, over six times more than the fund’s management spending during the time when it was administered by the Romanian state, but the fund’s asset value has not increased during this time and shares did not boast the performance expected by shareholders.

To read the full story, please login. Not a member? Subscribe here.

Reveal Romania! Business news & views.
Find out all you need by reading the entire story
To invest in Romania, you need to find out about its opportunities.
To close a strategic partnership with a Romanian company, you need to learn about its market position and whether it is a trustworthy partner
To grow here, you need to be informed

Subscribe now
Only 50 euros/month (VAT not included)
Get access to reports, news and statistics in the main sectors of Romania’s economy. Follow the strategic moves of companies operating in Romania. We will keep you updated on the latest business events.
Contact: E: newsroom@zfenglish.com (newsroom), marketing@zfenglish.com (Marketing & PR), sales@zfenglish.com (subscriptions)
T: 0040-318.256.431 (Newsroom)
0040-318.256.158, 0040-318.256.408 (Subscriptions Department)
0040-318.256.469, 0040-318.256.470 (Advertising Sales Department)
0040-318.256.427, 0040-318.256.129 (Marketing & PR)

LOGIN / Lost password?

 
Keywords:
fondul proprietatea
, franklin templeton
, manager
, Greg Konieczny