Marathon Asset Management
|Industry||Hedge fund, distressed securities, investment management|
|Headquarters||Bank of America Tower
New York City, United States
|Bruce Richards (CEO)
Louis Hanover (CIO)
Andrew Rabinowitz (President)
|Total assets||$13 billion|
Number of employees
Marathon Asset Management, LP is an investment manager focused on opportunistic investing in credit and fixed income markets globally. Marathon manages a family of investment programs principally focused on credit strategies including hedge funds, managed accounts, single-client funds and collateralized loan, and debt obligation vehicles.
The firm is headquartered in New York City with investment offices in London and Singapore. 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.
Founded in 1998, Marathon manages approximately $13 billion of capital and has approximately 150 employees. 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.
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.
On 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).
In June 2016, Blackstone Strategic Capital Holdings, managed by Blackstone Alternative Asset Management, acquired a minority interest in Marathon Asset Management, LP.
- 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
- Chu, Ben. "Greek rescue blocked by hedge fund greed", The Independent, London, 18 January 2012.