Mobius steps aside at Templeton EM but remains involved

Mark Mobius’s long reign as the king of emerging markets investing will come to an end later this year, when he steps down as the lead portfolio manager of the flagship Templeton Emerging Markets Investment Trust (TEMIT). Turkey-based Carlos Hardenberg has been named as the new lead portfolio manager, with effect from 1 October. Hardenberg will relocate to London. Mobius will remain a portfolio adviser on the $1.9 billion London-listed fund. Mobius has spent decades heading Fran…