Investors have tentatively started to add to their European equity positions following an 18-month hiatus, after the European Central Bank's actions lessened concerns the euro will fall apart.
Spanish borrowing costs have fallen sharply at the country's latest debt auction, with demand also strong, after the European Central Bank (ECB) acted to tackle the funding crisis.
RWC has signed a deal with European fund house Hermes which will see its $800m Focus fund range and the three teams running the products transfer to the boutique in October.
Billionaire investor George Soros has said the eurozone crisis will only be resolved when Germany "wakes up" and realises it is to blame for introducing a single currency in the first place.
Liontrust Asset Management has hired Samantha Gleave from Bank of America Merrill Lynch as the third manager on its European team.