FIRST STATE ASIA PACIFIC LEADERS A - Manager

Angus Tulloch

Tulloch is Head of Emerging Markets and Asia-Pacific Equities. Graduating from Cambridge University with a BA (Hons) in Economics and History in 1970, he worked with Chartered Accountants Whinney Murray (now Ernst & Young) for four years. He then gained industry experience in corporate planning and finance roles with various national companies before joining London stockbrokers Cazenove & Co in 1980. At Cazenove he specialised mainly in Far Eastern markets, spending three of the next eight years based in Hong Kong as a regional analyst before assuming a fund management role in London. In 1988 he returned to Scotland, joining Stewart Ivory (now part of First State) to establish an Asia Pacific and Emerging Markets capability.

Track record

Angus Tulloch has 22.2 years experience of managing mutual funds in this sector. Over this period the average monthly return relative to the benchmark index has been +0.51%.
During the worst period of relative performance (from May 1998 - March 1999) there was a decline of 15% relative to the index. The worst absolute loss has been 52%. Statistically, we estimate the probability that this fund manager is adding value, rather than being lucky, is more than 99%.

Other funds managed