Pidcock returned 2.18% on his £1.18bn fund in the year to 30 November, according to Lipper, and is ranked first out of 65 funds in the Asia Pacific ex-Japan sector.
While a return just north of 2% might seem a pittance, versus a benchmark fall of 10.44% and an average sector fall of 12.33% he has significantly outperformed.
"There are plenty of other professions that are genuinely hard," he said of fund managers that bemoan the difficult markets seen in the past three years.
"It’s the same for all of us and the environment is what it is. You can still outperform people whatever the environment."
Pidcock has been investing in Asia for more than 18 years and said he is well used to the volatility over there. The difference now, he explained, is the rest of the world is also volatile.
This is chiefly due to the political aspect, which has gained in influence on markets since the financial crisis, but he said this is an extra element managers just need to get used to.
UK investors pulling out of emerging markets during times of risk aversion also does not frustrate Pidcock because it gives him the opportunity to take advantage of lower prices.
He said forecasting absolute movements for markets in the year ahead can be a mugs game, but predicted 2012 will be as rocky as the year we’ve just seen, with political worries and political initiatives causing genuine economic and market movements.
In this situation views must be taken on a case by case basis depending on whether a stock has priced in the difficulties ahead.
