Mark Mobius has appointed former Franklin Templeton pair Carlos Hardenberg and Greg Konieczny for his asset management company Mobius Capital Partners.
London-headquartered Mobius Capital Partners will offer a specialised active investment approach with an emphasis on improving governance standards in Emerging and Frontier Market corporations, with a measurable impact on social and environmental standards and policies.
Mobius Capital Partners, which has selected UBS as its fund administrator partnering with UBS Fund Management (Luxembourg), will also incorporate MSCI ESG research into its assessment of companies in Emerging and Frontier Markets.
The firm has now been authorised by the FCA and intends to launch a Luxembourg-domiciled fund in June, with initial seeding from the partners and selected investors.
Emerging markets star Mobius (pictured) launched his new venture in March just two months after he retired from Franklin Templeton where he spent more than 30 years.
Mobius said: “I am very excited to be launching Mobius Capital Partners, built on the fundamental aim to invest for good, bringing opportunities to make a real impact in countries where it is needed most. During my career as an emerging markets investor, I have always been a passionate advocate on corporate governance issues. In Carlos and Greg, I have two partners with an enviable legacy and track record. Our combined knowledge and on-the-ground experience in sustainable investing is what sets us apart, and gives us the leading edge in delivering the changes we want to see in Emerging and Frontier Markets.”
Carlos Hardenberg added: “We aim to instil an investment focus that unlocks sustainable, long term value and makes meaningful and measurable improvements to the companies we invest in. We will utilise an active ownership approach to portfolio companies acting as catalysts for ESG improvements. Our strategy will champion governance and will reach beyond simple exclusion screens or norms-based screens.”
Greg Konieczny concluded: “It is my longstanding view that partnering with a company’s management to focus on improving governance is a major source of positive and sustainable financial returns. Furthermore, this shareholder stewardship also has an impact on public sector policies and increases awareness of proper governance codes. This has been a recurring theme over my career investing in Eastern Europe since the fall of the iron curtain, and in particular over the last seven years engaging with Romanian corporations.”