Marathon Asset Management Expands Partnership

NEW YORK, Sept. 19, 2011 /PRNewswire/ -- Marathon Asset Management, L.P. (Marathon), a leading corporate debt, structured credit and emerging market credit investment manager, today announced the addition of three new Partners: Stuart Goldberg, Senior Portfolio Manager in the Structured Credit Group; Jake Hyde, Senior Portfolio Manager in the Corporate Credit Group; and Andrew Springer, Senior Portfolio Manager in the Structured Credit Group.

Founded in 1998 by Bruce Richards and Louis Hanover, Marathon has grown over the past 13 years to become one of the leading credit-focused global investment and asset management firms. These three new Partners join an executive partnership team that has been operating together for nearly a decade, including: Mr. Richards, Chief Executive Officer, and Mr. Hanover, Chief Investment Officer; as well as Andrew Rabinowitz, Chief Operating Officer; Richard Ronzetti, Head of Research; Steve Kim, CIO of Asia; and Adam Phillips, CIO of Europe.

Commenting on the appointments, Bruce Richards said: "We are delighted to recognize Andy, Jake & Stu's many contributions to Marathon over the years. These appointments further demonstrate the breadth of our leadership team. We believe our existing and new partners' long tenure together and commitment to our clients will allow us to continue to deliver the highest quality of service and alignment of interests for our investors across the globe."

Louis Hanover added: "The expansion of our partnership to include these senior leaders is reflective of their focus to the firm's core principles including dedicated leadership, collaborative decision-making, disciplined investing and a commitment to responsible corporate governance. The expanded leadership team helps position the firm to take full advantage of the global opportunities we are currently focused on."

About the new Partners: 

Stuart Goldberg is a Senior Portfolio Manager and Co-Head of Marathon's Structured Credit Group, which focuses on principal investments in various securitized asset classes including Asset Backed Securities (ABS), Residential Mortgage Backed Securities (RMBS) and Commercial Mortgage Backed Securities (CMBS), and he is a member of the firm's Executive Committee. Mr. Goldberg has 23 years of experience investing in fixed income in the global markets.

Jake Hyde is a Senior Portfolio Manager in Marathon's Corporate Credit Group, and a member of the Executive Committee. Mr. Hyde has 17 years of investment experience across the corporate, structured and mortgage asset classes.

Andrew Springer is a Senior Portfolio Manager and Co-Head of Marathon's Structured Credit Group, responsible for principal investment decisions related to Asset Backed Securities (ABS), Residential Mortgage Backed Securities (RMBS), and Commercial Mortgage Backed Securities (CMBS), and a member of the Executive Committee. Mr. Springer has 24 years of experience in analyzing, underwriting and purchasing mortgage assets and structured credit.

About Marathon Asset Management, L.P.

Marathon, founded in 1998, is a credit focused asset management company with approximately $10 billion of capital under management.  The firm employs 125 professionals and has its corporate headquarters in New York City and international offices in London and Singapore.   Marathon is a Registered Investment Adviser with the Securities and Exchange Commission.  For more information, please visit the company's web site at www.marathonfund.com or call (212) 500-3000.

Cautionary Statement Regarding Forward-Looking Statements

This report may contain written or oral "forward-looking statements" within the meaning of the U.S. federal securities laws. All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside Marathon's control, which could cause actual results to differ materially from such statements. In particular, statements using words such as "may", "should", "estimate", "expect", "anticipate", "intend", "believe", "predict", "potential", or words of similar import generally involve forward-looking statements. Marathon undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements, which are subject to significant uncertainties and speak only as of the date on which they are made.

Not an Offer

This communication is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security or of any fund Marathon Asset Management manages or offers.

Contact:

Andrew Rabinowitz, COO/Partner
212-500-3050
[email protected]

or

Suzanne Hallberg
CJP Communications
212-279-3115 ext. 213
[email protected]

SOURCE Marathon Asset Management, L.P.