FYI: Less than four months after leaving Franklin Templeton Investments, the 81-year-old has set up a new asset management firm to invest in emerging and frontier markets. Mobius Capital Partners LLP has yet to line up outside investors and wants to raise about $1 billion within two to three years.
The active manager will run a concentrated portfolio of about 25 stocks after it starts in June and plans to hire nine investment managers. The firm will invest in India, China, Latin America and frontier markets.
Regards,
Ted
https://www.bloomberg.com/news/articles/2018-05-02/emerging-markets-guru-mobius-quits-retirement-to-set-up-new-firm
