Mobius trust targets £200m as founding trio commit £5.7m

Staggered management fee structure

Mobius Capital Partners will target a fundraising in excess of £200m for its newly-launched investment trust as it prepares for listing on 1 October.

In a statement released to the stock exchange, the group said the Mobius Investment Trust is seeking to raise £200m via a placing, an offer for subscription and an intermediaries offer. The founding partners Mark Mobius, Carlos Hardenberg and Greg Konieczny each intend to participate in the issue for an aggregate subscription amount of approximately £5.7m. An application has been made for the ordinary shares to be admitted to the premium segment of the official list and to trade on the London Stock Exchange's main market. Mark Mobius returns to launch emerging markets ESG fund I...