M&G Investments is set to launch a global equity fund for David Williams next month as part of an ongoing move to merge parent Prudential's retail offerings into its fund range.

Kames Capital has increased the annual management charge on its £485m High Yield Bond fund from 1% to 1.25%.

UK GDP for the third quarter has been revised up by 0.1% to 0.6%, the Office for National Statistics (ONS) announced this morning.

Hugh Hendry's Eclectica Asset Management has reported a 41% upswing in operating profits over its last financial year.

HEDGE FUNDS

Industry heavyweights Neil Woodford and Anthony Bolton have had contrasting fortunes running their closed-ended vehicles over the past year.

Asset managers have struggled to keep investors on board in the face of 2011's extreme market volatility, which has hit short-term performance on many funds.

THEY SAID WHAT?

Octopus Investments' chief investment officer Lothar Mentel is leaving the business to pursue other opportunities, Investment Week can reveal.

Legal & General Investment Management's top performing bond manager Richard Hodges is preparing his £1.8bn Dynamic Bond trust for more pain and heighted volatility to come next year.