Even investment legends let sweet deals slip away

Readers of Mark Mobius’s book Passport to Profits will know of the 84 ‘Mobius Rules’ to emerging markets investing, which the investment guru has crafted over 21 years running the asset class for Templeton Asset Management.

After attending a luncheon with the globetrotter who has built a career from buying up cheap stocks, Unbalanced thinks he should pen another rule. Mobius Rule No. 85: Never, ever, leave a bargain on the table because it’s liable to be snatched away. Mobius was understandably hungry after delivering a presentation on the outlook for frontier markets while those in attendance munched sirloin beef and sipped some red before setting upon a tasty chocolate soufflé from the Sydney- Hilton kitchen.

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‘Not an ATM’: Sicilia shrugs off private credit liquidity fears

The chief investment officer of the $150 billion industry super fund says that Hostplus’ portfolio will weather the ongoing downturn in software companies and that moves by a number of large private credit managers to gate their funds are a result of the asset class being offered to retail investors who should not have assumed the funds would be liquid enough to get money out when everybody else is trying to do the same.

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