Mark Mobius Quits Retirement to Set Up New Firm - Bloomberg:
"Turns out Mark Mobius isn’t one for retirement.
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."
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