Mark Mobius says hedge funds to target Pakistan
Wednesday, January 2, 2008 : PermalinkTimes Online- One of the world’s most respected emerging market investors has pledged to keep his funds in Pakistan despite the turmoil unfolding in the country following last week’s assassination of former prime minister Benazir Bhutto.
Mark Mobius, who runs the $1.5 billion Templeton Emerging Market Investment Trust, also predicted that hedge funds would now move in to try to take financial advantage of the situation.
Speaking from his Singapore offices as the Pakistan stock markets tumbled 5 per cent, Mr Mobius said he was feeling “pretty sanguine” about events and said it was likely that stability would return.
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