The emerging markets guru retired from Franklin Templeton last month after spending 30 years running the Templeton Emerging Markets Group.
But according to a Livemint report, Mobius is now applying for fund management licences in London and Luxembourg and plans to launch an open-ended, long-only fund that will invest in emerging and frontier markets.
The fund will also invest in companies that are focused on ESG issues, according to the report.
At a media briefing in Mumbai he said: “There is no plan to retire. I am starting a fund management company, and we are now applying for licences in London and Luxembourg. So, that’s coming down the road.
“The fund (will invest in) not only companies that are great in ESG, but also those that have the potential to improve their governance, and environment and social.”
Mobius was in India’s most populous city to announce his participation on the investment committee of Mumbai-based venture capital fund Equanimity Investments, in which he is an investor.
Equanimity Investments was set up by Rajesh Sehgal, who is also an ex-Franklin Templeton fund manager, according to a Business Today report.
Sehgal was previously Franklin Templeton India’s head of private equity for South Asia, Middle East and Africa, according to his Linkedin profile. He joined Franklin Templeton in 1999 and left in February last year.
Sehgal has been working with Mobius since he joined the firm, he said in his profile.
