Marathon Asset Management Announces New Partner

NEW YORK--(BUSINESS WIRE)--Marathon Asset Management (“Marathon”), a leading global credit investment manager, announced today that Ed Cong, who joined Marathon 17 years ago, has become the firm’s newest Partner. Mr. Cong will continue to serve as Senior Portfolio Manager for the firm’s Structured Credit and Asset Based Lending businesses and is a member of Marathon’s Executive Committee and Investment Committee.

“We are thrilled that Ed has become a Partner of Marathon,” said Bruce Richards, Co-Founder and CEO at Marathon. “Colleagues and clients alike have long admired Ed for his exceptional investing acumen and leadership qualities and this promotion is well-deserved recognition of his capabilities and dedication to our firm and investors. Ed has been a longstanding member of our Executive Committees and we look forward to his continued success as he helps build businesses within the firm and work closely with Marathon’s clients to help them achieve their investment goals.”

Ed Cong stated, “I’m enormously honored to become a Partner as we work diligently to utilize our dynamic, cutting-edge global credit investment platform to stay at the forefront of the asset-based lending markets and seek attractive risk-adjusted returns and differentiated solutions for our clients. The Marathon team possesses the experience and expertise to source, structure and asset manage public and private credit transactions, which are critical drivers of success in today’s fast-moving market environment.”

“Ed’s investment expertise, integrity and teamwork have been incredibly beneficial to the firm and its growth over his many years at Marathon. We are excited to welcome him to our Partnership and expect Ed to further enhance the partnership and our overall franchise in the years and decades ahead,” said Louis Hanover, Co-Founder and Chief Investment Officer.

About Marathon

Marathon is a New York-based global investment advisor with over $20 billion of capital under management. The firm was founded in 1998 and is managed by Bruce Richards (Co-Founder & CEO) and Louis Hanover (Co-Founder & CIO) and employs more than 180 professionals, with 9 Partners that includes Christine Chartouni, Jason Friedman, Jeff Jacob, Jamie Raboy, Andy Springer, Gaby Szpigiel. Its corporate headquarters are in New York City, and it has offices in London, Tokyo, Miami, Los Angeles, and Luxembourg. Marathon is a Registered Investment Adviser with the Securities and Exchange Commission. For more information, please visit the company’s website at www.marathonfund.com.