Templeton hedge fund: rumour or fact?

Image may be NSFW.
Clik here to view.Mark Mobius, chairman of Franklin Templeton’s emerging markets group, is one of the world’s best known fund managers. So when he says he is thinking of setting up a hedge fund, the financial services industry sits up and takes notice. But is he?

Mobius, who is responsible for managing $40bn of assets, set the sector chattering on Thursday with comments suggesting that he was “considering” adding a hedge fund to the Templeton portfolio.