K2 Advisors

K2 Advisors is an American fund of funds investment firm headquartered in Stamford, Connecticut. Currently it is a subsidiary of Franklin Templeton Investments and is one of the largest fund of hedge funds in the United States. It has additional offices in Europe and Asia-Pacific.

K2 Advisors
TypeSubsidiary
IndustryInvestment Management
Founded1994 (1994)
FoundersDavid Saunders
William Douglass
HeadquartersStamford, Connecticut, U.S.
ProductsFund of hedge funds
AUMUS$10.7 billion (December 31, 2022)
ParentFranklin Templeton Investments
Websitek2advisors.com

Background

K2 advisors was founded in 1994 by David Saunders and William Douglass.[1][2][3][4][5][6] The firm was named after the K2 mountain in the Karakoram range where the pair attended a fundraiser to benefit a team to climb it.[1][3][5] Saunders previously worked for Julian Robertson at the firm Tiger Management as Head Trader making K2 Advisors part of the Tiger Cubs group.[1][5][6] Douglass previously worked at Donaldson, Lufkin & Jenrette.[1]

Since 2006, K2 Advisors has been known to be investing in ESG securities as well as Insurance-Linked Securities.[7]

In 2007 TA Associates acquired a minority interest in K2 advisors for an undisclosed amount of money.[1][2][6][8]

In 2011, K2 Advisors considered selling the firm with The Carlyle Group being one of the main bidding frontrunners.[1][2]

In 2012, K2 Advisors was acquired by Franklin Templeton Investments.[2][3][4][6] K2 Advisors used the money from deal to buy out TA Associates stake which allowed Franklin Templeton Investments to have 100% ownership of K2 Advisors.[2][4]

In 2019, K2 Advisors expanded its business to Europe with a new fund range which allowed local investors there to have access to U.S.-based fund managers.[9]

References
  1. Zuckerman, Jenny Strasburg And Gregory. "K2 Advisors in Talks for Potential Sale". WSJ. Retrieved March 4, 2023.
  2. Barth, Chris. "Franklin Templeton Acquires World's 7th Largest Hedge Fund Of Funds". Forbes. Retrieved March 4, 2023.
  3. "Franklin Resources buys prominent hedge fund firm K2". Reuters. September 19, 2012. Retrieved March 4, 2023.
  4. "Franklin Templeton taking majority stake in K2". Pensions & Investments. September 19, 2012. Retrieved March 4, 2023.
  5. "Forgoing tradition: Face to Face with David C. Saunders". Pensions & Investments. March 19, 2009. Retrieved March 4, 2023.
  6. "Five Questions: K2's David Saunders Weighs Changes in Fund-of-Funds Industry". Institutional Investor. Retrieved March 4, 2023.
  7. "No plain vanilla portfolios here". Pensions & Investments. December 15, 2006. Retrieved March 4, 2023.
  8. "TA Associates takes stake in K2 Advisors". Reuters. March 27, 2007. Retrieved March 4, 2023.
  9. "Franklin Templeton's K2 expands in Europe with new fund range". Reuters. October 1, 2019. Retrieved March 4, 2023.
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