Global

Global - AXA Investment Managers saw revenues rise 40% to €1.18bn in 2006, up from €846m in 2005.

GLOBAL - Goldman Sachs Asset Management saw net revenues fall US$417m, or 28%, to $1.07bn in Q1 2006 compared to the same period last year.

GLOBAL - Fortis Investments increased its assets under management by €16bn, or 15%, over the course of 2006 to end at €121bn.

GLOBAL - Pension fund demand for hedge fund indices is minimal and the advent of replicator funds could deal a death blow to them, some of the world's largest consultants have claimed.

GLOBAL - Most of the Global Pensions 100 Panel shunned having risk shared between the employer and employee, with 71.8% of respondents saying pension funds should be entirely DB.

GLOBAL - Morgan Stanley Investment Management (MSIM) has appointed James Dilworth business head for Europe, Middle East and Africa (EMEA).

UK - Pension funds worth an estimated £1.7trn have been contacted by members supporting a campaign to stop a pharmaceutical company blocking poor counties' access to affordable medicines.

GLOBAL - Emerging markets was the best performing funds of hedge funds strategy in 2006 with a return of 18.85%, an EDHEC report has found.

GLOBAL - Schroders Asset Management saw its institutional funds under management fall £1.3bn to £77.4bn in 2006, as institutional outflows rose.

GLOBAL -Experts predict more volatility in Asia after China's spectacular nosedive earlier this week pushed up UK pension deficits by £11bn.