Legendary investor Sir John Templeton dies at 95

Sir John Templeton, mutual fund manager and entrepreneurial global investor who was one of the earliest to get involved with global stock picking, has died of pneumonia in hospital in the Bahamas aged 95.

The legendary investor, who started his career on Wall Street, was one of the first to run globally diversified mutual funds after launching the Templeton Growth fund in 1954.

A true global pioneer, he was also among the first to invest in Japan in the 1960s, and he went on to enjoy a successful career in fund management before selling the Templeton Funds range in 1992 to Franklin Resources.

Templeton, who was born in Winchester, Tennessee, lived in the Bahamas and, having renounced his US citizenship in 1968, had Bahamian and British citizenship.

He was also a committed philanthropist who established the John Templeton Foundation in 1987. He was knighted in the same year for his altruistic work.