Marathon Merges 2 Funds Into $258M Global EM Fund

Feb 24 2014 | 2:00pm ET

New York-based Marathon Asset Management has launched a new fund which merges Steve Kim's Asia Marathon Fund with Gabriel Szpigiel's global emerging markets credit fund.

On and offshore versions of the Marathon Global Emerging Markets Fund were launched in early December 2013 with $258 million, according to regulatory filings.

The investment firm's intention to merge the funds was reported last November by Hedge Fund Intelligence which said Marathon aims to raise $1.5 billion for the new vehicle to be co-managed by Kim, a Marathon partner based in Singapore, and Szpigiel, a partner and senior portfolio manager.

The new fund, which carries a minimum investment of $1 million, will focus on global emerging markets, particularly credit and opportunistic equities.

Marathon Asset Management manages an estimated $11 billion in assets across global credit markets.   

A request to Marathon for further information about the new fund was not answered as of press time.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?