Franklin Templeton completes purchase of K2 Advisors (Fund News)
Investment firm Franklin Templeton Investments announced last week that it has completed the purchase of a majority stake in fund of hedge funds manager K2 Advisors.
Activist Fund Octavian Advisors shutting down (Fund News)
Octavian Advisors, a roughly $1bn hedge fund firm specializing in distressed investments, said it was shutting down, becoming the latest casualty of tough market conditions as it suffered double-digit losses.