Veteran emerging markets investor Mark Mobius, who recently celebrated his 88th birthday, has announced plans to launch a new fund in January 2025. In a blog post, Mobius reflected on his journey as a fund manager, which began in his 50s, and acknowledged the rapidly changing financial landscape where innovation presents unprecedented opportunities.
Reflecting on his career, Mobius admitted to making many mistakes but emphasised the valuable lessons learned along the way. "This is precisely why I believe now is the best time to take advantage of my decades-long experience to set up a new fund, which is planned for launch in January 2025," he said.
Mobius recounted how, when he first became a fund manager, many thought it was too ambitious, as societal norms suggest not making major career changes later in life and retiring at a certain age. "We, as humans, often limit ourselves to boundaries we set for one another. But the truth is — life is what you make of it," he wrote.
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As he prepares to launch the new fund in January 2025, Mobius addressed market volatility by citing the wisdom of Sir John Templeton, with whom he began his career as a fund manager. He quoted Templeton: The best time to invest is when you have money. "That means investing wisely can be done at any time, regardless of the state of the market or the volatility, as long as your methodology and parameters are sound," he stated.
Looking ahead, Mobius acknowledged the rapid evolution of the financial landscape, particularly in technology and emerging markets, where innovation offers significant opportunities. "But innovation is not just about using the most advanced technology; it’s also about mindset. We have to be continuously learning, adapting, and welcoming the new while drawing from the lessons of the past," he added.
During his long career, Mobius spent most of his time at Franklin Templeton, where he launched one of the world’s first funds dedicated to growth economies in 1987, expanding the Templeton Emerging Markets Group’s investments from $100 million to $40 billion during his tenure. After retiring from Franklin Templeton in 2018, he co-founded Mobius Capital Partners with Carlos Hardenberg and Greg Konieczny, both former colleagues at Franklin Templeton.
In November 2023, Mobius decided to step down from his eponymous firm. He has since joined Chartwell Capital, an independent Hong Kong-based investment firm, in a non-executive, independent advisory role.
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