The big risk for Asian equities

Is the West, says First State''s Alistair Thompson.

First State Investments, the funds unit of Commonwealth Bank of Australia, acquired Edinburgh-based Stewart Ivory in 2000, but in terms of fund management practices, it was more like a reverse-takeover, since First State has since organized its investment process around the Scots' style. Alistair Thompson is the Singapore-based deputy head of Asian-Pacific equities. First State manages $5.6 billion in Asia Pacific ex-Japan and global emerging markets money.

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