M&G tops both retail sales lists as investors seek out bond funds, while BlackRock's active and passive vehicles also prove popular.
Jupiter Unit Trust Managers employs the most FE Alpha Managers with 12 on the newly revealed list for 2012.
A sharp contraction in the eurozone economy and further ECB intervention could put more pressure on the euro this year, said Philip Gibbs, manager of the £711m Jupiter Absolute Return fund.
Patrick Harrington, manager of Jupiter's £91m Undervalued Assets fund and its £100m Fund of Investment Trusts, has left the company.
Ariel Bezalel, manager of the £593m Jupiter Strategic Bond fund, has opened his first ever short position in US treasuries, citing the opportunity for an asymmetric trade as the US economy recovers.
Jupiter Fund Management reported "modest" net outflows of £225m for the fourth quarter of 2011 as a combination of flagging investor confidence and the loss of a segregated mandate impacted flows.