NEW YORK & LONDON--(BUSINESS WIRE)--In a rare industry appearance, Bruce Richards, CEO and founding partner at Marathon Asset Management, sat with Emmy award-winning Charlie Rose for an interview now live on TabbFORUM, the online global capital markets network. The interview is the sixth and final profile in “Conversations with Charlie Rose - New Capitalists Shaping Our World” series - underwritten exclusively by UBS.
During their hour-long conversation, Richards speaks about his early influences, learning from difficult markets, what has made Marathon successful, deconstructing the US financial crisis, what will happen next in Europe and credit opportunities in Argentina, Singapore, Japan and Australia.
More specifically, he addresses: was Moody's 'asleep at the switch'?; how Marathon foresaw the collapse of Bear Sterns and Lehman Brothers; Marathon’s takeover of Refco European operations after its bankruptcy; the American Airlines bankruptcy; Marathon’s involvement in the US Treasury PPIP program; the impending US fiscal cliff; what should US interest rates be?; Marathon’s 117-page white paper on the sovereign crisis and possible outcomes; and is Europe the greatest distressed opportunity in the world today?
As Marathon Asset Management’s co-founder, co-managing director and CEO, Bruce Richards is responsible for general oversight of $10+ billion of capital that the firm manages on behalf of its institutional investors. Founded in 1998 by Richards and Louis Hanover, CIO, Marathon focuses on the global credit markets, specifically corporate debt, both performing and distressed debt, and the structured debt markets. The firm employs 130 professionals and maintains its headquarters in New York with investment offices in London and Singapore. Richards received his B.A. in Economics, summa cum laude, from Tulane University in 1982. He is a member of Phi Beta Kappa.
The TabbFORUM series, “Conversations with Charlie Rose: The New Capitalists Shaping Our World,” has profiled some of the most influential people on Wall Street, their vision, how they allocate capital, their insights on risk and views about technology, regulation and the global economy. Charlie Rose has been praised as “one of America's premier interviewers.” He is the host of Charlie Rose, the nightly PBS program that engages the world's best thinkers, writers, politicians, athletes, entertainers, business leaders, scientists and other newsmakers, and co-host of CBS This Morning.
Charlie Rose profiles for TabbFORUM include: Glenn Hutchins, co-founder and managing director, Silver Lake; James Dinan, founder and CEO, York Capital; Marc Lasry, co-founder and CEO, Avenue Capital; Olivier Sarkozy, managing director and head of the global financial services group at The Carlyle Group; and Muriel Siebert, founder, president and CEO, Muriel Siebert & Co.
About TabbFORUM
TabbFORUM is the online global capital markets community offering opinions and analyses on current industry issues, tracked daily by over 12,000 industry professionals, including buy-side and sell-side firms, hedge funds, exchanges, regulators, academics, consultants, vendors and over 400 media. It was launched in 2010 by TABB Group. With offices in New York, London and expanding across the Asia-Pacific region, TABB is the financial industry’s only strategic advisory and research firm focused solely on capital markets.