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'Mr Emerging Markets' finally takes back seat

Veteran investor Mark Mobius will continue to be the face of Templeton in Asia

Mark Mobius addressing a conference in Hong Kong on April 6 (Courtesy of Mines and Money Asia)

HONG KONG -- During the first great boom in emerging markets investment in the 1990s, star fund manager Mark Mobius was ever-present on Asian TV and in magazines. He had an Indiana Jones quality, traveling -- as he still does -- across the globe seeking new investment ideas and checking the pulses of companies in Eastern Europe, Latin America and Asia, where he is based.

But Mobius never stayed in one place long, and his apartments in Singapore and Hong Kong were unoccupied, more often than not. According to one Hong Kong-based executive who knew him at the time, "He was a complete nomad, you were never sure where he was working. He had multiple homes and apartments round the world and was comfortable flying between all of them."

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