Filed under: Management, Engagements, Investments
Mark Mobius, one that I think about a seer and leading pioneer among emerging market fund managers, has said he’s in speaks for private equity investment in Iraq. According to Reuters (and others), he’s getting closer to plunking funds down into Iraq.
He stated various small manufacturing and food companies that are worth looking at to provide investments. If Mobius invests in Iraq, his investment group will be one of a few companies to invest in Iraq projects since the U.S. invasion. One brave investor, Godvig-Capital Management, has a hedge fund called the Babylon Fund that focuses on Iraq.
Mr. Mobius manages approximately $40 billion in emerging market assets through Templeton Asset Management, a part of Franklin Resources Inc. (NYSE: BEN). He is in the process of developing a $300 million fund for emerging markets.
Mobius is the one who has been coined with the term “Invest when there’s blood in the streets.” Well, that means he sees many opportunities in Iraq.
Jon Ogg is a producer and editor of the Special Situation newsletter and the “10 Stocks Under $10″ weekly newsletter for 247Wallst.com.
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