Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

AA-rated Thompson steps back from First State Asia Pacific Leaders

AA-rated Thompson steps back from First State Asia Pacific Leaders

Alistair Thompson, the Citywire AA-rated co-manager of the £6.3 billion First State Asia Pacific Leaders fund, has stepped back from running the fund.

The Citywire Selection fund will now be run by original lead manager Angus Tulloch with Richard Jones as co-manager, both + rated by Citywire.

‘Emphasising our team approach we review client portfolio responsibilities regularly and change co- and deputy management responsibilities from time to time. As a result of the most recent review Richard Jones has replaced Alistair Thompson as co-manager of our Asia Pacific Leaders portfolio,’ a spokesperson for First State told Wealth Manager.

The fund’s approach is ‘unchanged’, First State confirmed, and Tulloch continues to have ‘the final say on all portfolio decisions’.

First State added that Thompson (pictured) remains a ‘full member of the First State Stewart team, working out of our offices in Singapore’.

Thompson joined First State in January 2003 from Edinburgh Fund Managers, where he worked for nine years and was head of Asia Pacific excluding Japan.

First State Asia Pacific Leaders has returned 9.4% over the past three years, compared with 0.9% from both its IMA Asia Pacific ex Japan sector and its benchmark MSCI AC Asia Pacific ex Japan index.

Jones is also co-manager with AA-rated Martin Lau on the £1.5 billion First State Asian Equity Plus fund, which has returned 16.6% over the past three years in dollar terms.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play JPM’s Negyal: Back divis to temper EM volatility

JPM’s Negyal: Back divis to temper EM volatility

Omar Negyal, co-manager of the JPMorgan Global Emerging Markets Income trust, says a dividend approach to emerging markets reduces the volatility of investing in the asset class.

Play WMR: Why Russia will lose this war

WMR: Why Russia will lose this war

Author and journalist Adam Lebor believes a perfect storm is brewing when it comes to the Russian economy. .

Play WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

WMR: Gerard Lyons warns Asia is the real risk, not Russia & Ukraine

Chief economic adviser to London mayor Boris Johnson outlines the geo-political risks in Asia and explains why the risk of another eurozone crisis must not be underestimated.

Your Business: Cover Star Club

Profile: 'new normal' now is as dangerous as when it was applied to tech

Profile: 'new normal' now is as dangerous as when it was applied to tech

7IM's CIO Chris Darbyshire says he has been re-energised by his new role, but has little time for 'new normal' doom-mongers

Wealth Manager on Twitter