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Franklin Templeton bolsters Hasenstab’s $9bn EM fund

Franklin Templeton bolsters Hasenstab’s $9bn EM fund

Franklin Templeton has expanded fixed income specialist Sonal Desai’s role by naming her as a portfolio manager across three funds, covering global bonds, emerging market debt and high yield.

In a statement to Citywire Selector, Franklin Templeton said that Desai, who is director of research and a portfolio manager within Templeton Global Macro, had assumed her new roles on 2 January.

She will work alongside well-known bond manager Michael Hasenstab (pictured above) on the three strategies. The pair already work together on 13 other funds tracked by Citywire.

Under the changes, Desai assumes a role on the $976 million Templeton Global Balanced fund, alongside Hasenstab and Peter Wilmshurst. She already works alongside Hasenstab, Glenn Voyles and Patricia O’Connor on the $164 million Templeton Global High Yield fund.

Perhaps the most noteworthy change is that Desai has become a named manager alongside Hasenstab and Laura Burakreis on the Templeton Emerging Markets Bond fund. This strategy, which was launched in 2002, currently has $9.2 billion in assets under management.

Desai was identified by Citywire Selector as a rising star in the bonds universe in 2013. Speaking at the time, Desai emphasised her research-driven investment style and said that her past experience in hedge fund investing had led to a volatility-conscious approach.

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