Industry News
Global credit investment manager Marathon Asset Management has expanded the leadership of its emerging market debt and U.S. opportunistic credit businesses.
The fund closed with $555 million in capital from both new and existing limited partners.
The firm closed five venture capital strategies with $1.6 billion in total commitments.
The investment was made through the Petershill program, which provides capital to leading alternative asset managers.
The firm has appointed a managing director and fixed-income specialist.
The plan’s cio and internal investment committee will be authorized to handle manager hires and terminations with some parameters/constraints.
The investment firm returned client assets as of April 30.
The new actively managed high yield bond exchange-traded fund aims to maximize current income with a secondary goal of capital appreciation and the strategy will invest at least 80% of its net assets in U.S.-dollar-denominated high-yield corporate bonds.
The firm has converted two of its mutual funds into actively managed exchange-traded funds to bolstering its ETF platform.