Mark Mobius, a pioneer in emerging markets investing, is stepping down from Mobius Capital Partners after a 40-year career. Known for starting one of the first funds dedicated to emerging markets over 30 years ago, Mobius also made successful investments in Asia and Russia after their financial crises in the late 1990s. His departure comes after retiring from Franklin Templeton in 2018 to found Mobius Capital Partners with Carlos Hardenberg and Greg Konieczny. The company runs a $42mn fund and a £164mn investment trust focusing on emerging markets, both of which have seen strong returns.
Mobius’ retirement has elicited statements of gratitude and support from colleagues and associates, including Carlos Hardenberg and Maria Luisa Cicognani. The firm plans to announce new partners in the future as it continues to navigate the departure of its founder. Even after stepping down, Mobius has expressed a desire to stay involved with the company and continue to offer his expertise and support. His departure is seen as amicable, with plans in place to ensure the ongoing success of the firm.
Overall, Mark Mobius’ retirement marks the end of a storied career in emerging markets investing, but his influence and legacy are set to endure as he continues to support and advise the company he co-founded. His departure will be carefully managed to ensure the continued success of Mobius Capital Partners, with new partners expected to be announced in the future.
