Today on the Alt Goes Mainstream podcast, we have the third podcast in a special three part series with some of the titans in the alts world.
We are partnering with CAIA, the leading global professional body in alternative investment credentialing programs, for a very special episode that dovetails with the release of their latest report on Renewed Professionalism and creating client centered outcomes for the Portfolio of the Future.
We are lucky enough to have Jenny Johnson, the CEO of Franklin Templeton, one of the world’s largest asset managers with over $1.5T AUM spread across a number of specialist managers.
Jenny and I had a fascinating conversation about the evolution of the asset management industry, how companies can be considered nation-states, how to distribute alternatives to all investors in a responsible way, which is a particularly interesting perspective given that Franklin Templeton has over 25% of its $1.5T AUM in alternative assets, why net of fees is the most important question in the fee question debate, and why now is a great time to be building in the crypto space (note: this episode was recorded prior to the recent crypto news).
Jenny is the President and CEO of Franklin Templeton. She joined the firm in 1988 and held leadership roles in all major divisions of the business before becoming CEO in February 2020. She led the historic $6.5 billion acquisition of Legg Mason in 2020 and has been named to Barron’s list of the 100 Most Influential Women in US Finance.
Jenny has been instrumental in building Franklin Templeton into a firm that serves clients across asset classes and has over 25% of its $1.5T AUM in alternative assets. Jenny spearheaded Franklin Templeton’s acquisitions in the alts space, including the $1.75B acquisition of secondaries PE firm Lexington Partners and private credit firm Alcentra.
Jenny has managed to bring the past, present, and future together at Franklin Templeton, balancing being the third generation in the family to lead the business, helping the firm to maintain its culture through numerous acquisitions, while also looking to highly innovative corners of the investment world, like crypto and blockchain to keep Franklin Templeton ahead of the pack.
Thanks Jenny for coming on the Alt Goes Mainstream Podcast to share your wisdom. It was a pleasure to have you on the show.
Alt Goes Mainstream podcast is the place to turn to for interviews with some of the brightest and most experienced minds in the world of alternative investing, private equity (PE), venture capital (VC), real estate, crypto, collectibles and more. For anyone looking to invest into alternative assets (from experienced wealth managers to family offices to the individual investor looking for a more diversified investment portfolio), you’ll hear inside stories from executives and founders at some of the world’s largest financial institutions, alternative investment firms, and FinTech startups. More than a personal finance podcast, Alt Goes Mainstream dives deep into trends, investment strategies, firm building lessons, and innovative technologies that are enabling investors to access private markets and invest into alternative assets.