Eighty-one year old investment guru Mark Mobius (pictured) has put retirement on hold to launch a new asset management company in London - with plans to expand into the Asia Pacific region.
He has teamed up with two senior portfolio managers from Franklin Templeton - Carlos Hardenberg and Greg Konieczny - to launch the new venture Mobius Capital Partners.
The move comes just three months after the emerging market veteran announced plans to retire from Franklin Templeton, after 30 years with the company.
Mobius Capital, an active investment management company, will focus on emerging and frontier markets, with a measurable impact on environmental, social and governance (ESG) standards and policies.
The firm has been authorised by the UK Financial Conduct Authority and intends to launch a Luxembourg based SICAV open-ended fund in June, with initial seed funding from partners and selected investors.
The fund will focus on ESG investment in emerging and frontier market equities. It has selected UBS Fund Management as its fund administrator.
The trio will also target $1 billion in assets under management over the next two to three years, Citywire Selector reported.
‘I am very excited to be launching Mobius Capital Partners, built on the fundamental aim to invest for good, bringing opportunities to make a real impact in countries where it is needed most,’ said Mobius in a statement.
‘During my career as an emerging markets investor, I have always been a passionate advocate on corporate governance issues. In Carlos and Greg, I have two partners with an enviable legacy and track record.’
Hardenberg left Franklin Templeton in February, a month after Mobius’ departure. A key member of the Templeton Emerging Markets Group, Hardenberg was the senior vice president and the director of frontier markets strategy.
He was also the portfolio manager for the Templeton Emerging Markets Investment Trust, and collaborates on the Global Emerging Markets strategies.
Konieczny left Franklin Templeton in January after 22 years with the firm. He was most recently the director of Eastern Europe and Russia Strategy for the Templeton Emerging Markets Group.