Mark Mobius, an investor known for emerging markets funds, died today at age 89 in Singapore. He worked at Franklin Templeton for more than 30 years and later founded his own investment firm in London.
Mark Mobius was a pioneer in emerging markets investing, launching one of the first funds dedicated exclusively to these countries in 1987 at Franklin Templeton. For over 30 years, he became an advocate for opportunities in Africa, Asia, Eastern Europe and Latin America, managing over $40 billion when he retired in 2018.
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Mark Mobius died at age 89 in Singapore
Born on August 17, 1936
Had a doctorate from MIT
Worked at Franklin Templeton starting in 1987
Founded Mobius Capital Partners in London after leaving Franklin Templeton
Never married
From 1989 until retirement, his fund averaged 13.4% annual returns
Traveled 250 to 300 days per year to research investments
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Retired in January 2018
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Left Mobius Capital Partners at the end of 2023 and created new project in Dubai
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Renounced American citizenship and lived as a German citizen
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Lost one third of fund value in 1987 crash
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Specific birth location