Less than four months after leaving Franklin Templeton Investments, the legendary investor Mark Mobius has founded a new asset management firm that specializes in emerging and frontier markets.
According to Bloomberg, the new company would carry its name Mobius Capital Partners LLP and has Carlos Hardenberg and Greg Konieczny, other Franklin Templeton veterans, as main partners. Everything seems to indicate that its operations would start this June.
"I was not ready to retire and I was ready for something new after 30 years at Franklin Templeton," the manager, who worked for more than 40 years investing in emerging markets, told Bloomberg on Wednesday.
The manager has yet to attract external investors and aims to raise about one billion dollars in the next two to three years. According to Bloomberg, Mobius would start with a concentrated portfolio of about 25 stocks that will invest in India, China, Latin America and frontier markets.