Portfolio manager and quantitative investment specialist David Yuen will leave Franklin Templeton in December 2022.
Citywire + rated Yuen will step down as portfolio manager of the Franklin US Low Duration and Strategic Income funds effective October 1, 2022, according to a recent Morningstar report.
While Yuen will step down from his portfolio management responsibilities, he will remain with the company in an advisory capacity until December 7, 2022.
Yuen is listed as overseeing seven funds within Franklin Templeton, according to Citywire Selector The data.
Having joined the company in 2000, Yuen has managed the Low Duration and Strategic Income funds since 2016 and 2019, respectively.
Prior to joining Franklin Templeton, Yuen was Chief Investment Officer at Susquehanna Partners and Director of Fixed Income Operations at Alex Brown, Inc.
Currently, Yuen and Patrick Klein co-lead cross-industry and quantitative strategies at Franklin. Klein, who was added to both strategies in August 2022, will continue to manage them.
Klein will work alongside current Low Duration fund managers Sonal Desai, Kent Burns and Tina Chou.
He will also continue to manage the Strategic Income fund alongside current managers Patricia O’Connor and Desai, who were recently joined by Thomas Runkel and Benjamin Cryer.
Along with those announcements, William Chong, who had also co-managed the Strategic Income fund since 2019, exited the strategy on Aug. 1 to focus solely on quantitative research responsibilities.
Citywire Selector contacted Franklin Templeton for further comment regarding these changes, but had not received a response at the time of publication.