Mark Mobius launches his new firm at the age of 81
Mark Mobius has joined with former Franklin Templeton colleagues to launch a new investment firm Mobius Capital Partners.
In an article published by Reuters, the veteran emerging markets fund manager explained that the plan is, “…to launch a Luxembourg fund in June to invest in 25-30 emerging and frontier market companies, initially targeting high-net-worth individuals via private banks and family offices.”
“The aim is to raise some USD 1 billion to invest in China, India, Latin America and other emerging frontier markets,” Mobius said.
At 81 years old, Mobius said he was not ready to retire and has joined forces with former colleagues Carlos Hardenberg and Greg Konieczny in this new venture. They are currently recruiting portfolio managers and analysts to build a small team that will be based in Hong Kong.