Lansdowne Partners, one of the world’s biggest equity hedge funds, has increased its bets on UK stocks in the wake of May’s general election but is “very cautious” about China, according to its latest letter to investors.
London-based Lansdowne, which manages around $18 billion in assets, said in a letter reviewed by MoneyBeat that the surprise victory for the UK's Conservative Party "should allow a period of strong economic activity and limited volatility in our domestic economy."
