Mobius mulls hedge fund launch

Templeton's Mark Mobius is mulling plans to establish a hedge fund, which would manoeuvre the firm into the $1.9trn alternative asset management space.

Mobius' potential foray into this arena would see the firm join a number of large American hedge funds seeking to establish in Asia, as more investors try to increase exposure to this growing region, Reuters reports. However, the details of the launch are yet to be finalised. The renowned manager has seen his $15.5bn Templeton Asian Growth fund provide investors with a five-times return in the past ten years. This places it as the second top Asia ex-Japan equities fund in this time period, ending December 2010, according to Thomson Reuters Lipper. Asia ex-Japan hedge funds are set ...