Henderson's Job Curtis, manager of the City of London Investment Trust, has taken profits from tobacco giant British American Tobacco (BAT) after a stellar decade for the group.
Fund managers are boosting exposure to UK-listed asset management firms in their portfolios, seeing them as well-placed to act as a "tremendous play" on the next equity bull run.
Standard Life Investments' £13bn Global Absolute Return Strategies (GARS) fund has bought back into European equities for the first time in over a year.
Henderson reported net outflows of £1.129bn in Q3, with net retail outflows making up £296m of the total.
How long have you been in the industry? Five years, ten, 20?
Liontrust Asset Management's James Inglis-Jones have revealed some of the key long and short positions they have in European stocks, which are driving the European Absolute Alpha fund.
Henderson's investment management contract for its £286m Asian Growth trust is in jeopardy after the board announced it is undertaking a review of its investment management arrangements.
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.
In the first of a two-part special, fund managers explain which areas of fixed income offer the best opportunities during unprecedented times for markets.