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First State adds PMs in Jakarta, plans new funds

Joe Marsh
The Australian asset manager has poached Manulife Asset Management’s Indonesia fixed-income head and an equity manager from Schroder Investment Management.
First State adds PMs in Jakarta, plans new funds

First State Investments, part of Australian group Colonial First State, grew its equities and fixed-income investment teams in Indonesia in late 2010, having lost its chief operating officer (COO) earlier in the year. The hires are in line with plans to launch new funds in both asset classes.

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