American fund managers, specifically those who successfully called the bottom of their home credit market in 2008, are starting to put money back into Europe.

Their European counterparts, bruised by the region’s two-year-old debt crisis, are proving far more reticent.

The resurgent interest from American investors suggests that distance from the sovereign debt crisis makes it easier to price risk and estimate the recovery value of European assets.

Find out how U.S. investors are now willing to take more risk than their European counterparts.