Marathon Asset Management
 | |
| Company type | Private |
|---|---|
| Industry | Asset Manager, Private and Public Credit, investment management |
| Founded | 1998 |
| Founder | Bruce Richards Louis Hanover |
| Headquarters | Bank of America Tower New York City, United States |
Key people | Bruce Richards (CEO) Louis Hanover (CIO) |
| Total assets | $24 billion[1] |
Number of employees | 190+ |
| Website | www.marathonfund.com |
Marathon Asset Management is a leading global asset manager specializing in the Public and Private Credit markets with an unwavering focus on exceptional performance, partnership and integrity. Marathon's integrated global credit platform is driven by specialized investment teams across Private Credit (Direct Lending, Opportunistic Lending, and Asset-Based Lending) and Public Credit (High Yield, Leveraged Loans & CLOs, Emerging Markets, and Structured Credit). The cornerstone of Marathon's investment program is built on unique deal sourcing, rigorous fundamental research, robust risk management, and an integrated platform to provide flexible capital to support businesses in an effort to create attractive returns for our clients. Founded in 1998, Marathon manages approximately $24 billion on behalf of institutional investors, including leading public and corporate pension plans, sovereign wealth funds, endowments, foundations, insurance companies, and family offices. Marathon’s 190 employees work from our offices in New York, London, Luxembourg, Miami and Los Angeles. Marathon is registered with the U.S. Securities and Exchange Commission (SEC) and Financial Services Authority ("FSA") in the UK. Marathon is a signatory of the Principles for Responsible Investment (PRI).
Organization
[edit]The firm is headquartered in New York City with offices in London, Los Angeles, Miami and Luxembourg.[2] Marathon is one of eight firms selected by the U.S. Department of the Treasury to manage the Legacy Securities Public Private Investment Program ("PPIP") Fund.[3]
Founded in 1998, Marathon manages over $24 billion of capital and has approximately 190 employees.[1] The firm is registered with the U.S. Securities and Exchange Commission (SEC) as an investment adviser under the Investment Advisers Act of 1940. In addition, Marathon is a member of the National Futures Association ("NFA") and is registered with the Commodity Futures Trading Commission ("CFTC") in the U.S., the Financial Services Authority ("FSA") in the UK, and is notice filed as an exempted fund manager with Monetary Authority of Singapore ("MAS") in Singapore.
History
[edit]Marathon was formed in January 1998, as Marathon Asset Management, LLC, by managing members Bruce Richards and Louis Hanover who have over 25 years of investment experience in distressed and situational investing. In 2008, Marathon was reorganized as a Delaware limited partnership.
In August 2008, the firm relocated its headquarters to One Bryant Park, the world's most environmentally responsible high-rise office building and the first building of its size to achieve a top ranked Platinum Leadership in Energy and Environmental Design (LEED) certification from U.S. Green Building Council (USGBC).[4][5]
On July 8, 2009, Marathon was selected by the U.S. Department of the Treasury to serve as one of eight firms to manage the Legacy Securities Public Private Investment Program (PPIP) Fund.[6]
References
[edit]- ^ a b Approximate figure and can include commitments.
- ^ Marathon Asset Management Optimistic on Distressed Commercial Real Estate Credit Opportunities. BusinessWire, June 28, 2010
- ^ U.S. Department of the Treasury Archived 2011-01-05 at the Wayback Machine July 8, 2009
- ^ Bryant Park Tower Gets LEED Platinum Certification. Inhabitant, August 19, 2010
- ^ Marathon Asset Management Takes Corporate Social Responsibility Green. August 26, 2008
- ^ Khan, Shehab (August 29, 2016). "Brexit: Major US hedge fund bets on banking jobs going to Europe". The Independent. Retrieved 18 February 2018.
External links
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