Mark Mobius

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Mark Mobius
Born
Joseph Bernhard Mark Mobius

(1936-08-17) August 17, 1936 (age 84)[1]
CitizenshipUnited States (renounced)
Germany
Alma materBoston 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]

Early life and education[edit]

Joseph Benhard 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[edit]

Mobius was executive chairman of Templeton Emerging Markets Group, having joined Templeton in 1987. At 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.[5] 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.[6] In 2018, Franklin Templeton announced Mobius' retirement from Franklin Templeton effective January 31, 2018.[7] 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.[8]

Before joining Templeton, 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.[9]

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]

Industry recognition[edit]

Mobius has been a key figure in developing international policy for emerging markets. In 1999, he was selected to serve on the World Bank's Global Corporate Governance Forum as a member of the Private Sector Advisory Group and as co-chair of the Investor Responsibility Taskforce.[12] He has also been featured as a speaker [13] for the World Bank in 1999 and has given seminars for many other groups, including for the Asian Development Bank in 2002[14] and as a motivational speaker for London Speaker Bureau.[15]

As a recognized industry expert, Mobius appears frequently on financial industry television shows and networks, including Bloomberg, CNBC, MSNBC, and CNN, and has given/written thousands of interviews and opinion pieces over the years.[citation needed]

After more than 40 years in global emerging markets, Mobius has received numerous industry awards, including being named one of Bloomberg Markets Magazine's "50 Most Influential People" in 2011, "Emerging Markets Equity Manager of the Year 2001" by International Money Marketing, "Ten Top Money Managers of the 20th Century" in a 1999 Carson Group survey, "Number One Global Emerging Market Fund" in a 1998 Reuters Survey, "1994 First in Business Money Manager of the Year" by CNBC, "Closed-End Fund Manager of the Year" in 1993 by Morningstar, and "Investment Trust Manager of the Year 1992" by the Sunday Telegraph.[5]

Mobius has also been given various humorous nicknames over the years, including the "Pied Piper of emerging markets",[16] the "dean of emerging markets",[17] a world "globetrotter",[18][19] and the Yul Brynner of Wall Street[20] due to his signature bald head look.[citation needed]

Mobius is also a regular monthly columnist for the Asia Tatler group of magazines, wherein he authors a column on "Wealth"[21]

A comic book on the life of Mark Mobius was published in 2007: "Mark Mobius — An Illustrated Biography of the Father of Emerging Markets Funds" is currently translated into six languages (English, Traditional Chinese, Korean, Indonesian, Thai and Japanese) and available in numerous countries.[22][23]

Mobius appears in Erwin Wagenhofer's documentary "Let's Make Money" (2008), where he frankly details his thoughts on financial markets and capitalism.[24]

Selected publications[edit]

Mobius has written several books, including "Trading with China," "The Investor's Guide to Emerging Markets," "Mobius on Emerging Markets," "Passport to Profits," "Equities—An Introduction to the Core Concepts," "Mutual Funds—An Introduction to the Core Concepts," "The Little Book of Emerging Markets," and "Mark Mobius: An Illustrated Biography." [5] He writes regularly about his travels on his personal website: markmobius.com.[25]

  • Invest for Good - A Healthier World and a Wealthier You (with Carlos von Hardenberg and Greg Konieczny), 2019. ISBN 9-781-47296267-6
  • Debt Markets (Mark Mobius Financial Insights), 2008. ISBN 0-470-82147-7
  • Risk Management (Mark Mobius Financial Insights), 2008. ISBN 0-470-82149-3
  • Derivatives (Mark Mobius Financial Insights), 2008. ISBN 0-470-82146-9
  • Foreign Exchange and Money Markets (Mark Mobius Masterclass), 2007. ISBN 0-470-82145-0
  • Technical Analysis: An Introduction To The Core Concepts, 2007. ISBN 0-470-82148-5
  • Mutual Funds: An Introduction To The Core Concepts, 2007. ISBN 0-470-82143-4
  • Equities: An Introduction To The Core Concepts, 2006. ISBN 0-470-82144-2
  • Passport to Profits, 1999. ISBN 0-446-52251-1
  • Mobius on Emerging Markets, 1996. ISBN 0-273-62284-6
  • The Investor's Guide to Emerging Markets, 1994. ISBN 0-273-60327-2
  • Trading With China, 1973. ISBN 0-668-02908-0

References[edit]

  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. ^ a b c "About me". Retrieved 2020-12-02.
  6. ^ Wadhwa, Puneet. "Mark Mobius to step down as lead manager of Templeton EM Investment Trust", Business Standard, 14 July 2015. Accessed 26 August 2015.
  7. ^ "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.
  8. ^ Admin. "Mobius Capital Partners". Mobius Capital Partners. Retrieved 2020-12-02.
  9. ^ Kapadia, Reshma (9 February 2018). "Exit Interview: Mark Mobius on 30 Years of Emerging Markets". Barron's. Retrieved 7 February 2020.
  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. ^ World Bank Archived 2009-04-03 at the Wayback Machine Press Release. September 27, 1999.
  13. ^ World Bank 1999 Program of Seminars Beyond the Crisis: The Outlook for Private Capital Flows to Emerging Markets. September 1999.
  14. ^ Asian Development Bank Archived 2005-09-08 at the Wayback Machine Mobius' Curriculum Vitae. 2002.
  15. ^ London Speaker Bureau Profile on Mark Mobius.
  16. ^ Business Times Investment guru with the world on his shoulders. September 1998.
  17. ^ CFO Magazine The Global 100: Gadflies. June 28, 2002.
  18. ^ Canada National Post Archived 2006-10-29 at the Wayback Machine Silly Theme Funds. April, 2007.
  19. ^ The Motley Fool International Superstar Stocks: Why Invest Overseas?. November 15, 2005.
  20. ^ Federation of East European Family History Societies Archived 2007-04-04 at the Wayback Machine "Moebius". Investment Outlook. April 1999.
  21. ^ "Tatler Asia — Home". Tatler Asia Group (Formerly Edipresse Media). Retrieved 2020-12-02.
  22. ^ "mobiuscomic Resources and Information". www.mobiuscomic.com. Retrieved 2020-12-02.
  23. ^ Bartenstein, Ben; Stein, Charles; Henry, David (5 January 2018). "Mark Mobius, Emerging-Market Guru, to Retire After 30 Years". Bloomberg. Retrieved 7 February 2020.
  24. ^ Wagenhofer, Erwin (2008-10-30), Let's Make Money (Documentary), Mark Mobius, Mirko Kovats, K. Sujatha Raaju, Gerhard Schwarz, Allegro Film, retrieved 2020-12-02
  25. ^ "Mark Mobius". www.markmobius.com. Retrieved 2020-12-02.

External links[edit]