Ardevora's Lang and Pattison invest extra £2m in own funds

Ardevora's Jeremy Lang and William Pattison have added an extra £2m of their own capital to their funds on a "reasonably bullish" view on equities.

The £2m has been added to the £10m the former Liontrust managers have already invested into the range, with £1.5m going into the Global Equity fund and £500,000 into the UK Equity funds, both of which are long/short portfolios. Although Lang said he does not see a solution to the eurozone debt crisis imminently, the more important factor and catalyst for equity markets to move forward is policy easing in China. "We are reasonably bullish on equities now because the US is in pretty good shape and we believe that the Chinese will ease. "Other risk assets look expensive and with the s...