Franklin Templeton names new mutual fund CIO

He replaces Peter Langerman, chair, president and CEO of Franklin Mutual Series, who is retiring next year after more than 30 years with the firm. Correa joined the firm in 2003 and has been director of research for the Franklin Mutual Series since 2010. Correa will retain responsibilities as a portfolio manager on the Franklin Mutual Global Discovery fund, which he will co-manage with Katrina Dudley and Timothy Rankin. Franklin Templeton launches EM sustainability fund Fund manager Grace Hoefig will become co-lead with Correa on the Franklin Mutual US Value fund. Current co-lea...