Toscafund bets on UK over US

The resurgent UK economy is set for faster growth than the United States for much of the rest of the decade, according to Toscafund, one of Europe’s biggest equity hedge fund managers. The fund sees population growth, via immigration, as a key driver of the economy along with a “flourishing” carmaking industry and the increasing attractiveness of UK universities to students from emerging markets, chief economist Savvas Savouri told Reuters.