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Marathon Men

For Marathon Asset Management founders Louis Hanover and Bruce Richards, investing is a race marked by discipline, endurance — and opportunism.

FOR Louis Hanover and Bruce Richards, co-founders of New York–based Marathon Asset Management, the subprime market meltdown has been a little frustrating. To their credit, Marathon, which manages more than $10 billion in hedge funds and employs 165 people, escaped the carnage. Its flagship $3.1 billion Marathon Special Opportunity Fund,

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