Thu, Apr 26, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

First State Investments completes new emerging markets debt team

Monday, October 17, 2011
Opalesque Industry Update - First State Investments has today announced the appointment of three investment specialists to its recently established Emerging Markets Debt team. Jan-Markus May and Manuel Cañas join First State as Senior Portfolio Managers and Philip Fielding has been appointed as Portfolio Manager.

Supported by the Hong Kong-based members of First State’s existing Global Fixed Interest and Credit team, the Emerging Markets Debt team in London will focus on hard currency sovereign and corporate debt, as well as local currency debt markets.

Jan-Markus May has 13 years of investment experience. He joins First State from UNIQA Financial Services in Vienna, where he was the Senior Portfolio Manager of the UNIQA Emerging Markets Debt Fund. Prior to that, he was Client Service Manager at Dresdner Bank in Frankfurt, dealing with institutional mandates managed for clients based outside of Germany. He joined Dresdner Bank from Orbitex Asset Management in Frankfurt, where he was Portfolio Manager with responsibility for unit-linked life insurance for AXA Group Germany and Orbitex’s wealth management unit.

Mr May, who commenced his role at First State last month, graduated from Johann Wolfgang-Goethe University in Frankfurt with a Diplom-Kaufmann in Finance & Monetary Economics.

Manuel Cañas has more than 8 years of investment experience. Prior to joining First State, he was Senior Investment Manager focusing on local currency debt within the Emerging Markets Debt team at ING Investment Management in the Hague. Before that, Mr Cañas worked as Portfolio Manager and Senior Economic Analyst at Banco Central de la República Argentina, and was Principal at FP Venture Capital in Buenos Aires and Economic Analyst at Arpenta, also based in Argentina.

Mr Cañas holds a degree in Economics from Universidad de San Andrés in Buenos Aires and is a CFA charter holder. He is starting in his new role on 1st November.

Philip Fielding joins First State from F&C Asset Management where he was Portfolio Manager for segregated mandates in its Emerging Markets Debt team as well as lead analyst for Central Europe. He graduated from Universität St. Gallen in Switzerland with a degree in Economics & Business Administration and is a CFA charter holder. He has started at First State today.

All three new joiners will report to Helene Williamson, Head of First State’s Emerging Markets Debt, who comments:

‘With Jan-Markus, Manuel and Philip in London, and research input from our Asian fixed income specialists in Hong Kong, First State has established a team with a very strong investment capability in Emerging Markets Debt.

‘There has been growing interest in emerging markets from bond investors who are faced with very low government bond yields in the US and the stronger Eurozone countries, and increasing risks in the European periphery markets. In this environment, the favourable debt dynamics in emerging market countries and the recent widening of credit spreads there make emerging markets debt very attractive. Our Emerging Markets Debt team will have a disciplined investment strategy aimed at delivering the performance our clients expect.’

About First State Investments
First State Investments provides specialist asset management services to wholesale and institutional investors across a diverse range of asset classes, including Asia Pacific and global emerging market equities, global equities, property securities, infrastructure and global natural resources. First State has more than 200 staff in London and Edinburgh and provides a range of specialist investment products to investors. First State is part of Colonial First State Global Asset Management, the consolidated asset management business of the Commonwealth Bank of Australia.

Colonial First State Global Asset Management is Australia’s largest fund manager. It has offices in Sydney, New York, London, Edinburgh, Hong Kong, Singapore, Jakarta and Tokyo. Colonial First State Global Asset Management is a signatory to the United Nations’ Principles for Responsible Investment, a voluntary program which encourages best practice in environmental, social and corporate governance issues. Corporate website: Source

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its