Franklin Templeton - led mostly by fund manager Michael Hasenstab - upped its holdings of Irish...

|By:, SA News Editor

Franklin Templeton - led mostly by fund manager Michael Hasenstab - upped its holdings of Irish debt by more than a third in Q3, and now controls nearly a tenth of the entire market. "It's beyond the scale of comprehension in a small periphery-market," says a rival fund manager. Is the 'improvement" in Ireland real, or is it the result of the buys of a well-funded gorilla? (earlier)