Hedge Fund Marathon Eyes Bad Loans in Britain on Brexit Slowdown

(Reuters) U.S. credit hedge fund Marathon Asset Management sees buying opportunities in British non-performing loans as Britain’s economy slows down following its vote to leave the European Union, the fund’s chief executive said on Thursday. “We think the UK will really start to feel Brexit a year from now,” Bruce Richards, who is also chairman of the $14 billion hedge fund, told a conference.

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