OLD Mutual Fund Managers — UK-based unit trust arm of Old Mutual International — was last week fined 20000 by an investment regulatory body for failing to correctly price the assets of four unit trusts under its management. Business Report reports that the British Investment Management Regulatory Organisation said the breaches occurred between July 1 1997 and March 6 1998 in the Latin American Companies Trust, the Thailand Trust, the Worldwide Trust and the Emerging Asia Trust. An Old Mutual spokesperson said on Monday that the pricing errors had been largely exacerbated by the turbulence in Asian markets at the time. Affected unit holders have been paid a total of 62000 in compensation.