Mark Mobius

Last updated
Mark Mobius
Born
Joseph Bernhard Mark Mobius

(1936-08-17) August 17, 1936 (age 87) [1]
Hempstead, New York, US
CitizenshipUnited States (renounced)
Germany
Alma mater Boston University (BA, MS)
Massachusetts Institute of Technology (PhD)
OccupationBusinessperson
Years active1987–present

Joseph Bernhard Mark Mobius [2] (born August 17, 1936) is an American-born German emerging markets fund manager and founder of Mobius Capital Partners LLP. [3] He was previously employed at Franklin Templeton where he ran the Templeton Emerging Markets Group for over three decades.

Contents

Early life and education

Joseph Bernhard Mark Mobius was born to German and Puerto Rican parents in Hempstead, New York. He earned his B.A. and M.S. in Communications from Boston University, and received a Ph.D in economics from Massachusetts Institute of Technology in 1964. [4] He also studied at the University of Wisconsin, University of New Mexico, and Kyoto University in Japan.[ citation needed ]

Career

Mobius worked at international securities firm Vickers-da-Costa, and later was president of International Investment Trust Company in Taipei, Taiwan. He once ran an independent consulting company that marketed, among other things, Snoopy cartoon merchandise. [5]

Mobius joined Franklin Templeton in 1987 after being asked by John Templeton to run the Templeton Emerging Markets Group. At Franklin Templeton he established and directed the research team based in 18 global emerging markets offices and managed more than $50 billion in emerging markets portfolios. [6]

In 2015, after leading the company for over a quarter of a century, Mark Mobius decided to step down as the lead manager of the Templeton Emerging Markets Investment Trust (TEMIT) and handed over control of the fund to Carlos Hardenberg. [7]

In 2018, Franklin Templeton announced Mobius' retirement from Franklin Templeton effective January 31, 2018. [8]

In March 2018, Mobius launched Mobius Capital Partners together with his former Templeton colleagues Carlos von Hardenberg and Greg Konieczny. The emerging and frontier markets asset manager is focused on a single long-only strategy based on actively partnering with portfolio companies to improve their corporate governance and to deliver a clear ESG pathway. [9]

Personal life

Born a U.S. citizen, Mobius was also entitled to German citizenship by descent. He renounced his U.S. citizenship and is now a German citizen. [10]

Mobius has stated his preference for a Donald Trump victory in the 2020 United States Presidential election and called a potential win by the Biden-Harris ticket "disastrous" for the stock market and economy. [11]

On March 2, 2023, Mobius told Fox Business in an interview that he cannot take his money out of China due to the country's capital controls. He also said that he would be "very, very careful" investing in the country. [12] According to South China Morning Post, Mobius had sold a flat in Shanghai 18 years ago and deposited the money at a Shanghai branch of HSBC. [13] When he tried to transfer 3 million yuan ($432,270) to a HSBC Hong Kong account, he was asked to submit a lot of documents related to the sale and taxation records which delayed the process. [13] On March 7, according to Bloomberg News, Mobius told Ming Pao that the issue "seems to have resolved". [13] However Mobius has still remained critical of capital controls in China stating that removing capital outflow restrictions would benefit China's economy. [13]

Related Research Articles

Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, which is the study of production, distribution, and consumption of goods and services; the discipline of financial economics bridges the two. Financial activities take place in financial systems at various scopes; thus, the field can be roughly divided into personal, corporate, and public finance.

A hedge fund is a pooled investment fund that holds liquid assets and that makes use of complex trading and risk management techniques to improve investment performance and insulate returns from market risk. Among these portfolio techniques are short selling and the use of leverage and derivative instruments. In the United States, financial regulations require that hedge funds be marketed only to institutional investors and high-net-worth individuals.

Sir John Marks Templeton was an American-born British investor, banker, fund manager, and philanthropist. In 1954, he entered the mutual fund market and created the Templeton Growth Fund, which averaged growth over 15% per year for 38 years. A pioneer of emerging market investing in the 1960s, Money magazine named him "arguably the greatest global stock picker of the century" in 1999.

<span class="mw-page-title-main">Value investing</span> Investment paradigm

Value investing is an investment paradigm that involves buying securities that appear underpriced by some form of fundamental analysis. The various forms of value investing derive from the investment philosophy first taught by Benjamin Graham and David Dodd at Columbia Business School in 1928, and subsequently developed in their 1934 text Security Analysis.

<span class="mw-page-title-main">Franklin Templeton Investments</span> Global investment firm founded in New York City in 1947

Franklin Resources, Inc. is an American multinational holding company that, together with its subsidiaries, is referred to as Franklin Templeton; it is a global investment firm founded in New York City in 1947 as Franklin Distributors, Inc. It is listed on the New York Stock Exchange under the ticker symbol BEN, in honor of Benjamin Franklin, for whom the company is named, and who was admired by founder Rupert Johnson Sr. In 1973, the company's headquarters moved from New York to San Mateo, California. As of October 12, 2020, Franklin Templeton held US$1.4 trillion in assets under management (AUM) on behalf of private, professional and institutional investors.

John Clifton "Jack" Bogle was an American investor, business magnate, and philanthropist. He was the founder and chief executive of The Vanguard Group, and is credited with popularizing the index fund. An avid investor and money manager himself, he preached investment over speculation, long-term patience over short-term action, and reducing broker fees as much as possible. The ideal investment vehicle for Bogle was a low-cost index fund representing the entire US market, held over a lifetime with dividends reinvested, and with a minimum 20% bond allocation.

<span class="mw-page-title-main">BlackRock</span> American multinational investment management corporation

BlackRock, Inc. is an American multinational investment company based in New York City. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$9.42 trillion in assets under management as of June 30, 2023. BlackRock operates globally with 70 offices in 30 countries, and clients in 100 countries. BlackRock is the manager of the iShares group of exchange-traded funds, and along with The Vanguard Group and State Street, it is considered to be one of the Big Three index fund managers. Its Aladdin software keeps track of investment portfolios for many major financial institutions and its BlackRock Solutions division provides financial risk management services. BlackRock is ranked 184th on the Fortune 500 list of the largest United States corporations by revenue.

<span class="mw-page-title-main">MSCI</span> American financial service provider

MSCI Inc. is an American finance company headquartered in New York City. MSCI is a global provider of equity, fixed income, real estate indices, multi-asset portfolio analysis tools, ESG and climate products. It operates the MSCI World, MSCI All Country World Index (ACWI) and MSCI Emerging Markets Indices among others.

<span class="mw-page-title-main">David F. Swensen</span> American businessman (1954–2021)

David Frederick Swensen was an American investor, endowment fund manager, and philanthropist. He was the chief investment officer at Yale University from 1985 until his death in May 2021.

<span class="mw-page-title-main">Oaktree Capital Management</span> American global asset management firm

Oaktree Capital Management is an American global asset management firm specializing in alternative investment strategies. As of March 31, 2022, the company managed $164 billion for its clientele.

<span class="mw-page-title-main">James O'Shaughnessy (investor)</span> American economist

James Patrick O'Shaughnessy is an American investor and venture capitalist, currently serving as the CEO of O'Shaughnessy Ventures. He is the founder of O'Shaughnessy Asset Management, LLC (OSAM), an asset management firm that Franklin Templeton later acquired.

<span class="mw-page-title-main">Ray Dalio</span> American billionaire hedge fund manager

Raymond Thomas Dalio is an American billionaire investor and hedge fund manager, who has served as co-chief investment officer of the world's largest hedge fund, Bridgewater Associates, since 1985. He founded Bridgewater in 1975 in New York.

<span class="mw-page-title-main">Lexington Partners</span> Private equity company

Lexington Partners is one of the largest manager of secondary acquisition and co-Investment funds in the world, founded in 1994. Lexington manages approximately $55 billion of which an unprecedented $14 billion was committed to the firm's ninth fund. This renders it the largest dedicated secondaries pool of capital ever raised at the time.

<span class="mw-page-title-main">Farallon Capital</span> American investment management firm

Farallon Capital Management, L.L.C. is an American multi-strategy hedge fund headquartered in San Francisco, California. Founded by Tom Steyer in 1986, the firm employs approximately 230 professionals in eight countries around the world.

<i>Lets Make Money</i> 2008 Austrian film

Let's Make Money is an Austrian documentary by Erwin Wagenhofer released in 2008. It is about aspects of the development of the worldwide financial system, claiming that elitists economically exploit the rest of society, especially in the developing world, but also in western nations.

Nguyễn Xuân Minh is the Executive Chairman of Techcom Securities, a subsidiary of Techcombank – a leading joint stock bank in Vietnam. Techcom Securities (TCBS) is the leading Wealthtech company and is the largest securities company in Vietnam in terms of profit and brand value. TCBS helps domestic companies raise in aggregate more than U$3 billion per year via Debt and Equity Capital Markets in Vietnam. It also has more than 80% market share in trading of local listed corporate bonds in Vietnam. Consecutively, Techcom Securities was named the Best Bond House in Vietnam for 2007–2016, 2008–2017 and 2009–2018 by Alpha Southeast Asia and the Best Debt Capital Markets House for 2017, 2018 and 2019 in Vietnam by FinanceAsia.

<span class="mw-page-title-main">Investment fund</span> Way of investing money alongside other investors

An investment fund is a way of investing money alongside other investors in order to benefit from the inherent advantages of working as part of a group such as reducing the risks of the investment by a significant percentage. These advantages include an ability to:

Ziad Makkawi is an entrepreneur & investor, a French national born in New York City on December 25, 1961, to Lebanese parents.

<span class="mw-page-title-main">Greylock Capital Management</span>

Greylock Capital Management, LLC is a U.S. Securities and Exchange Commission registered alternative investment adviser that invests in undervalued, distressed, and high yield assets worldwide, particularly in emerging and frontier markets. As is the case with comparable funds, the firm's investor base consists largely of institutional investors and a limited number of high net worth individuals. As a group, institutional investors may include banks, credit unions, insurance companies, pension funds, hedge funds, REITs, endowments and mutual funds. As is common with many asset management firms, Greylock Capital is organized across a series of onshore and offshore limited partnerships.

References

  1. ↑ Manager's Profile; J. Mark Mobius
  2. ↑ "Stocks". Bloomberg.com. Retrieved 2020-12-02.
  3. ↑ Bateman, Joshua (2018-03-12). "Emerging markets maven Mark Mobius to launch a new firm with sights on China". CNBC. Retrieved 2020-12-02.
  4. ↑ "MIT Alumni Association" . Retrieved 2020-12-02.
  5. ↑ Kapadia, Reshma (9 February 2018). "Exit Interview: Mark Mobius on 30 Years of Emerging Markets". Barron's. Retrieved 7 February 2020.
  6. ↑ "About - Mark Mobius". www.markmobius.com. Retrieved 2023-03-27.
  7. ↑ Wadhwa, Puneet. "Mark Mobius to step down as lead manager of Templeton EM Investment Trust", Business Standard, 14 July 2015. Accessed 26 August 2015.
  8. ↑ "Dr. Mark Mobius Announces Plans to Retire from Franklin Templeton Investments" (Press release). San Mateo, California: Franklin Templeton Investments. GlobeNewswire. January 5, 2018. Retrieved March 7, 2018.
  9. ↑ Admin. "Mobius Capital Partners". Mobius Capital Partners. Retrieved 2020-12-02.
  10. ↑ "Some of Rich Find A Passport Lost Is A Fortune Gained". The New York Times. 12 April 1995.
  11. ↑ Chopra, Shruti Tripathi. "Mark Mobius: Biden-Harris win will be 'disastrous', Trump will boost stock market". Financial News (Dow Jones). Retrieved 2020-08-17.
  12. ↑ "Billionaire investor Mark Mobius says he cannot take money out of China -FOX Business". Reuters. 5 March 2023.
  13. 1 2 3 4 "Exclusive: Mark Mobius still positive on China, but wants Beijing to relax capital controls". South China Morning Post. 2023-03-27. Retrieved 2023-03-27.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.