OLD MUTUAL Asset Managers has revealed that its global dynamic fund - a multi asset absolute fund - has returned 31.6pc since launch.

INVESTMENT funds under management in the UK rose 3pc in October to £398bn, latest figures from the Investment Management Association reveal.

TOP firms with defined contribution schemes are continuing to increase employer contributions, a Watson Wyatt survey reveals.

ABSOLUTE Capital Management chief investment officer Florian Homm has been shot in Venezuela, according to reports.

ANGOLA - The Angolan government has announced it will pay US$50m into the national pension fund for war veterans over the next two years.

US - Contributions to the Arizona State Retirement System (ASRS) will increase by 0.5% to 9.6% as of July 2007.

GLOBAL - The current environment of lower expected returns will see managers having difficulty justifying above average fees going forward, a Mercer Investment Consulting study on investment management fees has revealed.

UK - The £499m Highland Council Pension Fund is tendering for investment advisory and consultancy services.

UK - Charlie Metcalfe has been appointed CEO to First State Investments (UK), the international operation of Colonial First State Global Asset Management.

UK - The contributions made by FTSE 100 schemes to their pension funds have increased more than 10% in the last two years, found consultants Watson Wyatt in a recent survey.