Marathon Opens European Distressed Debt Fund

Aug 17 2011 | 9:55am ET

Marathon Asset Management has launched a new European distressed credit fund with $100 million in assets—and the expectation that it will be 10 times as large by the end of the year.

The Marathon European Credit Opportunity Fund debuted on Aug. 2, HFMWeek reports. New York-based Marathon is targeting a first close on Sept. 30, and already has commitments to raise the fund's assets to $500 million by that date. The firm will hold a second close on Nov. 30.

Marathon's decision to launch a dedicated European fund came after investors in its flagship fund—notably several large U.S. and Canadian public pension funds—called for such an option.

"Given the headlines that have been going on surrounding Europe, it's no surprise that there's been interest in this," a source told HFMWeek.

The new fund is Marathon's seventh. All told, the firm manages more than $10 billion.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

Five Tips For Successfully Marketing Your Hedge Fund

Jan 30 2015 | 9:14am ET

When it comes to the hedge fund industry, the notion of “build it and it will...

 

Editor's Note