Mark Mobius joins hedge fund elite planning Dubai investing venture business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Mark Mobius, whose name has been synonymous with investing in developing countries for a third of a century, isn’t planning to slow down even as he steps back from the firm that bears his name.Most Read from BloombergAston Martin Owner Lawrence Stroll Sells F1 Team Stake at £1 Billion ValuationHamas Mastermind Who Tricked Israel Is Top Target in Gaza TunnelsApple Plans to Make It Easier to Text Between iPhones and Androids‘Fed-Friendly’ Data Lift Bonds as S&P 500 Wavers: Markets W
Dubai, where Mark Mobius has lived for the past three years, has emerged as a favored destination for investment banks, asset managers and hedge fund traders, who are drawn by its ease of doing business, tax-free status and allure as a global travel hub. Its also a more friendly time zone for portfolio managers who have global investments spanning North America to Asia.