Franklin exits fund purgatory with Legg Mason deal
![Franklin-escapes-fund-purgatory-Legg-Mason-deal](https://s32566.pcdn.co/wp-content/uploads/2020/02/Legg-Mason-2-1-951x634.jpg.optimal.jpg)
The acquisition will double Franklin's assets, which hadn't grown in the last 18 months
In the asset-management industry, reputation is everything. A mutual fund manager might have a fantastic strategy, but without a steady stream of cash flowing in to set up the position, returns may come in weaker than expected. That, in turn, could lead some investors to lose confidence that the con
Learn more about reprints and licensing for this article.