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
Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter