Franklin runs the Templeton funds group, and has over $236 billion under management as of August 31, roughly 2/3 in equities.
According to Reuters, Allianz is also in exploratory talks with US fund companies Waddell & Reed and Gabelli Asset Management, citing a German banking source.
Waddell & Reed has about $40 billion under management, and Gabelli has about $23 billion. Last week’s rumor, Nicholas Applegate, manages $45 billion.
Earlier this year Allianz bought US bond manager PIMCO, with about $200 billion under management, for $3.3 billion – about 1.9% of assets under management.
Equity acquisitions would likely draw a larger premium.
– Nevin Adams email@example.com