Noah eyes event-driven and NPL funds post Brexit

Chinese wealth manager Noah Holdings is adding new investment strategies to take advantage of potential corporate consolidation and bad debt opportunities in Europe, following the UK’s June 23 vote to leave the European Union. ‘Brexit’ has already forced down share valuations of UK and European companies and caused the value of sterling to fall. That has made companies in the UK and Europe cheaper for offshore acquirers. That is likely to appeal to acquisition-hungry Chinese corpo…