Asia specialist Agnes Deng has left Baring Asset Management, handing her $2.3bn Hong Kong China fund to Laura Luo who joins the group from Schroders.
Fears over US monetary tightening, rate hikes, and recession triggered the 1987 stock market crash, and there are parallels with today's market environment, said Société Générale's Albert Edwards.
Investing in Chinese equities is not easy - even the most experienced investors can get their fingers burnt trying to find the right stocks to back in an opaque and volatile market - but one manager has a tip for would-be investors.
The Norway-based fund team bucks the trend and outperforms many peers in the offshore Equity - Emerging Markets sector over one, three and five years with focus on large caps and family-owned companies.
Japan equity managers are buying back into domestic companies and cutting their exposure to export-led firms as the slowdown in China and a flat yen weigh on sentiment.
Asian stocks have been given a lift by a broadly positive set of Chinese data as investors look to end the week on a high note.
Consumer sector growth in China could bolster the economy and make the country a better long-term investment than it may currently appear, according to fund managers.
A new report has identified 16 countries poised to succeed China as the global driver of manufacturing growth.