First State Asia Pacific Leaders manager runs chunky underweight to Chinese equities ahead of expected pull-back.
Group gives Gait and Paul freedom to invest up to 20% in stocks listed outside region.
Richard Evans, co-manager of the £204m Martin Currie Asia Pacific fund, will leave the firm and the fund management industry at the end of September.
The outlook for the global economy may not be as bad as it appears, says Peter Allwright, portfolio manager at RWC Partners.
Aberdeen is converting one of its Asian bond funds into a short duration product due to rising demand for the strategy.
Stock selection has been the key to outperformance for funds in the Asia Pacific excluding Japan sector over the last five years.
Invesco Perpetual is launching an Asian equity income portfolio for head of Asian equities Stuart Parks and manager Tim Dickson later this quarter.