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Marathon Asset Management

Like most hedge fund firms, New York–based Marathon Asset Management performed poorly in 2008. But the firm, which specializes in making opportunistic investments in global credit markets, has since made hay by exploiting the numerous distressed-investing opportunities that arose in the ensuing global market turmoil. More than many other firms, Marathon has turned to Europe as a haven for distressed investing. The firm expanded its European strategy early last year on the tail of new European regulatory requirements, such as Basel III, in hopes of profiting from the resulting dramatic deleveraging by big banks. Various factors, including bailouts and policy reform, however, hindered this widespread deleveraging from happening. Now Marathon invests primarily in mortgage-backed securities and structured products of smaller Northern European regional banks that have received less support from the European Central Bank and sovereign countries. In January 2014 the distressed-debt manager launched the Marathon Europe Credit Opportunities Fund II after steady returns in European fixed-income markets the year prior…

Back to Hedge Fund 100 Firm Profile Ranking 71. Marathon Asset Management / $9.7 billion Location: New York, NY Founded: 1998 2016 Hedge Fund 100 Rank: No. 90 2016 Capital: $7.32 billion 2015 Hedge Fund 100 Rank: No. 80 2015 Capital: $8.45 billion Years on List: 15 Website: Address: One Bryant Park38th FloorNew York, NY 10036 Phone: 212-500-3000 Fax: 212-205-8800 Other Offices: London and

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