private industry hedge fund distressed securities investment management founded 1998 founder bruce richards louis hanover headquarters bank of america tower new york city united states key people bruce richards ceo louis hanover cio andrew rabinowitz president total assets 13 billion 1 number of employees 150 website www.marathonfund.com marathon asset management lp is an investment manager focused on opportunistic investing in credit and fixed income markets globally . marathon manages a family of investment programs principally focused on credit strategies including hedge funds managed accounts single client funds and collateralized loan and debt obligation vehicles . the firm is headquartered in new york city with investment offices in london and singapore . 2 marathon is one of eight firms selected by the u.s. department of the treasury to manage the legacy securities public private investment program ppip fund . 3 founded in 1998 marathon manages approximately 13 billion of capital and has approximately 150 employees . 1 the firm is registered with the u.s. securities and exchange commission sec as an investment adviser under the investment advisers act of 1940 . in addition marathon is a member of the national futures association nfa and is registered with the commodity futures trading commission cftc in the u.s. the financial services authority fsa in the uk and is notice filed as an exempted fund manager with monetary authority of singapore mas in singapore . history edit marathon was formed in january 1998 as marathon asset management llc by managing members bruce richards and louis hanover who have over 25 years of investment experience in distressed and situational investing . in 2008 marathon was reorganized as a delaware limited partnership . on august 2008 the firm relocated its headquarters to one bryant park the world s most environmentally responsible high rise office building and the first building of its size to achieve a top ranked platinum leadership in energy and environmental design leed certification from u.s. green building council usgbc . 4 5 on july 8 2009 marathon was selected by the u.s. department of the treasury to serve as one of eight firms to manage the legacy securities public private investment program ppip fund . marathon asset management is one of the companies accused of threatening to block the european attempt to save greece from defaulting unless they are guaranteed a significant payout . 6 in june 2016 blackstone strategic capital holdings managed by blackstone alternative asset management acquired a minority interest in marathon asset management lp . references edit a b approximate figure and can include commitments . marathon asset management optimistic on distressed commercial real estate credit opportunities . businesswire june 28 2010 u.s. department of the treasury july 8 2009 bryant park tower gets leed platinum certification . inhabitant august 19 2010 marathon asset management takes corporate social responsibility green . august 26 2008 chu ben . greek rescue blocked by hedge fund greed the independent london 18 january 2012 . external links edit marathon asset management v t e hedge funds investment strategy arbitrage relative value capital structure arbitrage convertible arbitrage equity market neutral fixed income arbitrage fixed income relative value investing statistical arbitrage volatility arbitrage event driven activist shareholder distressed securities risk arbitrage special situation directional convergence trade commodity trading advisors managed futures account dedicated short global macro long short equity trend following other fund of hedge funds multi manager trading algorithmic trading day trading high frequency trading prime brokerage program trading proprietary trading related terms markets commodities derivatives equity fixed income foreign exchange money markets structured securities misc arbitrage pricing theory assets under management black 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