Marathon Asset Management, founded in 1998 and based in New York with offices in London and Singapore, is a global investment manager led by CEO Bruce Richards and CIO Louis Hanover. The firm focuses on opportunistic investments in global corporate, emerging markets, and structured credit markets. The firm invest in mispriced, stressed, and distressed corporate bonds in the U.S., Europe, and Asia, and targets companies facing financial challenges. Marathon also invests in sovereign debt, structured products, asset-based lending, real estate debt, bank asset sales, and aviation leasing.
Bruce Richards is the CEO, Chairman, and Co-Founder of Marathon Asset Management, a firm he established with Lou Hanover in 1998. Based in New York, Bruce holds a B.A. in Economics, Summa Cum Laude, from Tulane University and is a member of Phi Beta Kappa. Before founding Marathon, he gained valuable experience at Donaldson, Lufkin & Jenrette and Smith Barney.
Lou Hanover is the CIO and Co-Founder of Marathon Asset Management, a firm he established with Bruce Richards in 1998. Based in New York, Lou holds a B.A. from the University of Chicago and an MBA from the University of Chicago Booth School of Business. Before founding Marathon, he gained extensive experience at Smith Barney and Merrill Lynch & Co.
Marathon Asset Management LTD is a hedge fund managing discretionary assets totaling $40,673,114,005, according to their Form ADV filed on May 2023. Serving 51 clients, their most recent Q1 2024 13F filing reported $3,746,542,570 in managed 13F securities, with a top 10 holdings concentration of 30.79%. The firm's largest holding is CNH Industrial NV, with 16,590,713 shares.