GOME Electrical Appliances, one of the top holdings in Anthony Bolton's Fidelity China Special Situations fund as of last month, saw its share price fall 21% overnight after full-year earnings disappointed.
Asian markets snapped gains made over the past week as renewed fears of a slowdown in China's economy weighed on investors.
SPECIAL REPORT: INDIA
After a four year hiatus, Vladimir Putin won back the Russian presidency last week. Managers debate the consequences of his victory.
Daniel Tubbs, manager of the $1.1bn BGF Emerging Markets fund, has left the group to pursue other opportunities.
Russian equities approached a seven-month high today as investors bet Vladimir Putin's return to the presidency will extend the market's ongoing rally.
Aberdeen is taking on the management of two emerging market Credit Suisse funds, which will be merged into existing offshore portfolios run by Devan Kaloo and Brett Diment.