Henderson's Mark Harris removed UK and Europe equity index shorts across his three multi-manager funds over the past few days after gaining confidence of a market rebound.
Fears over Spain escalated yesterday as investors sold off government bonds on warnings of funding problems for the country's companies and banks.
Specialist funds vary in performance as small and niche groups contrast with biggest names in investment
This week's Conjecture panel discusses the issues around the US recovery
Companies with exposure to Bric markets still have good long-term growth prospects despite fears the bloc is overheating, says F&C's Michael Ulrich.
GEM Small Cap manager attributes performance to strength of investment platform
UBS US equity manager explains why he has opted for a more conservative mandate