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Marathon Is Big Winner in U.S. Treasury’s PPIP

Bruce Richards’ fund shows attractive returns from controversial public private investment program.

In May 2009, as the U.S.’s biggest banks looked to be on life support and the economy was deep in recession, four executives from Marathon Asset Management of New York trooped to Washington for a special due diligence session with the U.S. Department of the Treasury. Representing the $10 billion

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