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.

Related Fund Managers

Alistair Thompson
Alistair Thompson
36/61 in Equity - Asia Pacific Excluding Japan (Performance over 3 years) Average Total Return: 19.07%
Angus Tulloch
Angus Tulloch
16/61 in Equity - Asia Pacific Excluding Japan (Performance over 3 years) Average Total Return: 30.60%
Martin Lau
Martin Lau
1/93 in Equity - Asia Pacific Excluding Japan (Performance over 1 month) Average Total Return: 5.71%
Richard Jones
Richard Jones
Citywire TV
Play Navigating geopolitical risk with ETFs

Navigating geopolitical risk with ETFs

ETFGI’s Deborah Fuhr on how investors can use exchange-traded funds to position their portfolio.

Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Your Business: Cover Star Club

Profile: Barclays' former advisory boss on his move into property

Profile: Barclays' former advisory boss on his move into property

On paper, Rick Denton might have been expected to finish his career in banking

Wealth Manager on Twitter