Marathon Asset Management

About Marathon Asset Management

Marathon Asset Management ("Marathon"), founded in 1998 by Bruce Richards (Chairman & CEO) and Louis Hanover (CIO), is a majority employee-owned global credit manager investing $14.7 billion1 for a primarily institutional client base. The firm employs 155 people across offices in New York, London, and Singapore, with investment teams dedicated to developed and emerging markets, structured credit, real estate, and global corporate credit

 

Strategy Overview

Marathon's investment objective is to maximize total return and preserve capital by investing opportunistically across the corporate loan and bond markets, and to a lesser extent, the structured credit markets and emerging market debt. The flexible approach is driven by fundamental credit analysis and supplemented by a rigorous risk management platform. The team aims to avoid companies with greater risk of default than broadly perceived by the market through deep, fundamental credit work in their initial underwriting. They believe this approach to be critical as investments are made in the debt of non-investment grade companies and the probability of default and subsequent recovery rates drives overall returns. The team takes an active, relative-value trading approach that they believe enables credit discipline and limits downside risk through credit cycles.

1 September 30, 2018

This information is not intended as a personalized recommendation or fiduciary advice and should not be relied upon for investment, accounting, legal or tax advice.