UPDATE 1-Eisler Capital places bets linked to China recovery -letter

Hedge fund Eisler Capital marked a 5.54% positive performance for the year to the end of September, it said in a letter to investors, with its bets hinging on China's economic recovery. The $3.8 billion multi-strategy hedge fund invests in several asset classes affected by a renewal of Chinese demand, from metals, to derivatives and stocks, it said in a letter seen by investors this week. "The team believe that market sentiment on China appears to have pivoted, as the accumulative piece-meal stimuli of the Chinese government starts to take effect," the letter seen by Reuters on Thursday said.