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Templeton gets 4.3m euros for first three months of FP management
28.03.2011, 13:40 | Capital Markets | 1001 views
Franklin Templeton US group, the sole manager of Fondul Proprietatea (FP), collected 18.3m lei (4.3m euros) for the first three months of its mandate (September 29-December 29, 2010), shows the fund's annual report. During this period, the manager prepared the Fund's floatation, filed a suit against the Romanian state and made the first moves in the fund's portfolio, through BRD-SocGen stock purchases. Since September 29, 2010, FP and its assets worth around 3.8bn euros have been managed by Franklin Templeton US company through the Bucharest subsidiary. Read more on ZF.ro
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