Manager profile: Bruce Richards, CEO of Marathon Asset Management

Institutional strength

girders-marathon

The institutionalisation of the hedge fund industry is often seen as the defining theme over the past decade. Few managers encapsulate this better than Marathon Asset Management, which counts among its clients the world’s biggest and most influential institutional investor: the US government.

Marathon was one of nine fund managers selected by the US treasury department in 2009 to participate in its public private investment program (PPIP). The list of PPIP managers illustrates the extent of chang