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French group Comgest bolsters star duo’s equity team

French group Comgest bolsters star duo’s equity team

Comgest has added 17-year market veteran Emil Wolter to the Asia ex Japan equity fund overseen by two Citywire A-rated managers, Citywire Global has learned.

The Paris-based asset manager opted to strengthen the line-up on the Comgest Asia ex Japan US Dollar fund on 1 January.

Wolter will work alongside existing managers David Raper and Chakara Sisowath, who have co-run the Dublin-domiciled fund since January 2009.

The Comgest Asia ex Japan US Dollar fund was launched in 1997 and bolstered in January of last year when the smaller Comgest Panda fund was merged into the strategy.

This marks the latest assignation to a fund for Wolter, who was named as a co-lead on the firm’s flagship emerging markets fund, Magellan C, and the Comgest Growth Emerging Markets US Dollar funds in March of last year.

Wolter was added to the line-ups on these funds alongside Vincent Strauss and Wojciech Stanislawski following the departure of Jean-Louis Scandella, who has since been named head of global equity at Barings.

This marks the second Asia-focused fund Wolter is working on. Wolter has co-run the France-domiciled CG Nouvelle Asie since he replaced Strauss as Chantana Ward’s co-manager in January of last year.

At present, the Comgest Asia ex Japan US Dollar fund has $190 million in assets and is primarily invested in the Chinese market, which makes up 34% of exposure. This is while India (20%) and Hong Kong (16%) are also well represented.

The Comgest Growth Asia ex Japan US Dollar fund has returned 46.6% in US dollar terms over the three years to the end of December 2014. This is while its Citywire benchmark, the MSCI AC Asia ex Japan TR USD, rose 33.2% over the same period.

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Chantana Ward
Chantana Ward
3/90 in Equity - Japan (Performance over 3 years) Average Total Return: 38.69%
Wojciech Stanislawski
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192/214 in Equity - Global Emerging Markets (Performance over 3 years) Average Total Return: 9.37%
Emil Wolter
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62/114 in Equity - Asia Pacific Excluding Japan (Performance over 3 years) Average Total Return: 19.39%
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50/114 in Equity - Asia Pacific Excluding Japan (Performance over 3 years) Average Total Return: 21.23%
Chakara Sisowath
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Vincent Strauss
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Jean-Louis Scandella