First State Investments

Today's announcement by Stewart Investors that Angus Tulloch and Jonathan Asante are stepping down from a number of funds will have unsettled investors, perhaps far more than any other high profile manager moves of the past.

Asia Pacific Leaders changing to sustainability strategy

Investors were given yet another reason to steer clear of Brazil after political turmoil and high debt levels saw ratings agency Standard & Poor's downgrade the country's status from investment grade to 'junk' this month.

First State is to launch three new Asian equity funds, following the split of the First State Stewart team earlier this year.

In pictures: Fund Manager of the Year

What makes a stand-out fund manager?

First State Stewart expects to rebrand its funds this September following its decision to split its business in two on 1 July.

Why investors shouldn't dismiss whole asset classes

First State Stewart's global emerging markets team is turning more positive on one of investors' least-loved global equity markets, saying valuations now warrant closer attention.

Edinburgh-based boutique Aubrey Capital Management, which was founded in 2007 by a group of former First State managers, has launched a concentrated global emerging markets fund with an initial $50m of seed money.