View more on these topics

Mobius replaced as lead manager on £1.9bn investment trust


Mark Mobius has been replaced as lead portfolio manager on the Templeton Emerging Markets Investment Trust, with Carlos Hardenberg taking over.

Hardenberg is senior vice president and managing director of the Templeton Emerging Markets Group and will take up the new role in October, after relocating to London.

Mobius will remain portfolio manager on the £1.9bn fund, supporting Hardenberg, and will continue as executive chairman of Templeton Emerging Markets Group. Hardenberg will be supported by Chetan Sehgal as senior research analyst.

Franklin Templeton says it regularly reviews its portfolio managers.

Templeton Emerging Marketis Investment Trust chairman Peter Smith says: “We believe that the appointment of Carlos Hardenberg as lead portfolio manager, supported by Mark Mobius and Chetan Sehgal, will provide renewed focus for the next stage in the company’s development.

Mobius adds: “The appointment of Hardenberg as lead portfolio manager with continued support by Sehgal as senior research analyst on TEMIT, is an acknowledgment of their significant contributions to the Templeton Emerging Markets team and TEMIT’s desire to benefit from a more dedicated application of their considerable skills to the TEMIT portfolio.”


Pensions-savings-retirement-piggy bank

MM leader: Pension freedoms are failing consumers

Since the rollout of pension freedoms in April, there has been a watching brief on whether the reforms have been a success or not. There has been anecdotal evidence of the types of queries providers and advisers are seeing, and how consumers are reacting to this new found access to their pension pots. What has […]


Treasury Committee member hits out at £58m FCA loss

An influential member of the Treasury Committee has raised concerns the FCA cannot run its budget effectively after it posted a £58.3m loss in the year to 31 March. In its annual report, published last week, the FCA said its losses were driven by a £33.4m actuarial loss relating to its defined benefit pension scheme. […]


Advisers back claims management charge cap

Advisers have welcomed a cap on the fees claims management companies charge consumers. In this week’s Budget, the Government announced a fundamental review of the regulation of CMCs, led by Chartered Trading Standard Institute Board chair Carol Brady. She will report to the Treasury and CMC regulator the Ministry of Justice by early 2016. In […]

Who cares?

By Tracey Dickson, marketing consultant There are almost 7 million carers in the UK – that’s around 10 per cent of the population who provide unpaid care for a disabled, seriously ill or older loved one.1 But according to a report from the charity Carers UK, 20 per cent of people providing 50 hours or more of care […]

Pension - thumbnail

David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.


News and expert analysis straight to your inbox

Sign up


    Leave a comment