Aviva Investors is set to merge Chris Murphy's UK Income & Growth fund into his UK Equity Income portfolio, subject to shareholder approval.
In a year in which active management has struggled severely, Asia-focused funds have emerged as the only major equity grouping in which the average manager has beaten the benchmark.
UK All Companies funds saw their first inflows in six months in October, despite market volatility, according to the Investment Management Association.
Veteran manager Anthony Bolton said he had "no idea what was coming" when he handed over management of the Fidelity Special Values investment trust in 2007.
It has been a volatile year for mid caps, with the FTSE 250 falling 6% between March and April. But F&C's £20m UK Mid-Cap fund has considerably outperformed over the past year, maintaining the return profile it has enjoyed over three and five years.
'Investors in big oil stocks should be very nervous'
Marlborough's Richard Hallett has pointed to retailers ASOS and Tesco, two of the worst performing UK-listed stocks this year, as potential turnaround stories.
After a summer lull, fund buyers have begun the autumn again wondering how to deal with a raft of manager moves - with significant consequences for fund groups, in some cases.
What benefits do investment trusts offer investors that ETFs do not?