Miton is preparing to add a new product to its stable for the two managers it recently poached from Matterley.
Standard Life Investments' Thomas Moore, manager of the £105m UK Equity Income Unconstrained fund, has sold out of UK pharmaceuticals amid fears the sector faces further earnings downgrades this year.
2012 was a mixed year for markets, with developed market equities recovering from a summer sell-off to make marginal gains, while some segments of the property and bond markets outperformed.
The bull run in UK mid caps could be coming to an end, with multi-managers starting to sell down top-performing funds in the sector and growth fears threatening consumer facing names.
The departure of Halfords CEO David Wild has seemingly cheered investors but analyst sentiment is less clear-cut.
The average stock in the UK's FTSE 250 index delivered 222% to investors over a turbulent ten years to 2012.