Mark Mobius Plans to Step Back From Mobius Capital Partners

  • The 87-year-old investment guru set up his fund five years ago
  • Mobius worked at Franklin Templeton for over three decades
Mark MobiusPhotographer: Anthony Kwan/Bloomberg
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Mark Mobius, the veteran emerging-markets investor, plans to step back from his namesake investment firm he co-founded five years ago.

London-based Mobius Investment Trust will continue to be managed by Mobius Capital Partners LLP, which is led by Founding Partner Carlos Hardenberg, according to a statementBloomberg Terminal from the trust on Friday. The fund had $250 million in assets under management as of February.