Marathon Asset Management Gets Creative in Europe

The global credit manager has been staking out alternative strategies in structured credit across Europe’s regional banks.

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For distressed debt hedge fund managers such as Marathon Asset Management, buying troubled assets held by Europe’s big money center banks was the Next Big Strategy that wasn’t. Hedge funds and private equity funds raised an estimated $75 billion for the European distressed strategy, only to find just a trickle of assets for sale instead of the anticipated deluge.

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