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Marathon Asset Names Partners To Go The Distance

Stuart Goldberg, Jake Hyde, and Andrew Springer were named as partners by $10 billion hedge fund, Marathon Asset Management LP.

Goldberg and Springer serve as senior portfolio managers in addition to their duties as co-heads of the firm’s structured credit group, which focuses on commercial mortgage-backed securities and asset-backed securities. Hyde is also a senior portfolio manager in Marathon’s corporate credit group.

New York-based Marathon Asset Management (see Marathon’s holdings here) was founded by Bruce J. Richards and Louis Hanover in 1998. Last month, the hedge fund started  a $100 million fund to capitalize on the European debt crisis. Marathon is reportedly focusing on portfolios of $1 billion or more of real estate and corporate loans from banks in troubled Euro zone countries such as Portugal, Ireland, Spain, Italy, and the United Kingdom.