Mark Mobius, the veteran emerging markets investor, joined Hong Kong-based Chartwell Capital as strategic adviser in a non-executive, independent adviser capacity, the firm said on Jan. 30.
Mobius is renowned for his 30-year career in managing emerging and frontier markets investments. He managed one of the world's first emerging markets funds at Franklin Templeton Investments, and helped grow the firm's emerging market assets under management to $50 billion in 2018 from $100 million in 1987.
At Chartwell Capital, he provides insights to support the firm's investment strategies and corporate stewardship.
Chartwell Capital manages $300 million in assets on behalf of institutional clients such as endowment and pension funds, charitable foundations, family offices, and high-net-worth individuals. The firm focuses its investments on China's Greater Bay Area and the Asia-Pacific region.
"Hong Kong is a place of personal and professional significance for me, as it's where I began my journey in fund management. It remains a vital international finance center and a key access point to China. I'm optimistic about the Hong Kong stock market's future, and I see unique opportunities amid the market's downturn," Mobius said in the statement.
The Hang Seng Index has fallen 6.59% year-to-date.