Mutual Fund Firm Franklin Mulls Emerging Markets Hedge Fund

Jan 20 2011 | 2:58am ET

Mutual fund giant Franklin Resource’s top emerging markets manager may make the move into hedge funds.

Mark Mobius, who manages more than 35 Franklin Templeton mutual funds, including its $15.5 billion Asian Growth Fund, told Reuters that he is “considering” the launch of a hedge fund. Mobius did not offer further details.

Singapore-based Mobius is chairman of Franklin’s emerging markets group, which has more than $40 billion in assets under management.

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