AMSTERDAM (Reuters) - U.S. credit hedge fund Marathon Asset Management sees buying opportunities in British non-performing loans as Britain's economy slows down following its vote to leave the European Union, the fund's chief executive said on .
Days after winning a 10.4 million-pound ($12.7 million) lawsuit against co-founder Jeremy Hosking, Marathon Asset Management returned to a London court to pursue even more money from two former employees who joined Hosking’s rival investment advisory firm.
Gastar Exploration logo Marathon Asset Management LP lowered its stake in Gastar Exploration Inc (NYSE:GST) by 13.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,939,646 .
For cyclical companies, this could equate to as much as $500 billion of debt, creating “whoppingly huge opportunities” for money managers , Richards said. “Today, default rates are low,” Richards told an audience of hedge- fund managers and investors at.
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The New York-based Marathon Asset Management was founded in 1998 by Bruce J. Richards and Louis Hanover, and according to the firm itself, it manages close to $10 billion in assets. Marathon has additional offices in London and Singapore, and the firm's.