Liontrust's UK equity managers Jan Luthman and Stephen Bailey have been diversifying their overseas exposure and cutting back on consumer staples firms as they take profits from stocks including Heinz, Unilever and Reckitt Benckiser.
Liontrust's new Global Strategic Bond fund will avoid corporate bonds and favour emerging market government debt and currencies.
Liontrust's Stephen Bailey and Jan Luthman have been upping their exposure to asset management firms ahead of an anticipated "triple positive whammy" for the sector in the years ahead.
Schroder's mid-cap manager Andy Brough has been given a boost from his stake in fellow asset manager Liontrust after its shares soared 10% in early trading today.
Liontrust made a net inflow of £64m over the final quarter of 2012, over four times the equivalent period the previous year.
Smith & Williamson Investment Management has appointed Mickey Morrissey as head of UK IFA sales in a push to grow its discretionary fund management service.
Liontrust's chief executive John Ions said he hired Thames River's former credit head - just 18 months after selling Liontrust's existing credit arm - for its global specialism.
Thames River's Michael Mabbutt is set to join Liontrust to run a newly created Global Strategic Bond fund.