FTSE 250

Gartmore UK Alpha fund manager Leigh Himsworth has increased his weighting to small and mid caps on expectations of increased M&A activity.

Gartmore shares closed Wednesday almost 8% up at 125p after the fallout from the suspension of star manager Guillaume Rambourg hit its stock yesterday afternoon and early this morning.

Boutique managers feel crisis exposed a lot of scepticism over financial instruments

Rensburg manager builds up big overseas bias and stays away from UK consumer to beat benchmark despite market turbulence

South African banking group Investec will join the ranks of the largest companies in the London market when it replaces Resolution in the FTSE 100.

Premier's Chris Wright has introduced pub companies into his £38m UK Mid 250 fund.

Consistency of Spencer puts fund eighth in peer group

Investment Week Conjecture

The rally is well established. Small and mid caps have been at the forefront of this bull market which was ignited by the recent panic slashing of interest rates - sorry I mean concerted monetary easing to head off the 2008/09 world banking crisis.