Marathon: expand hedge fund role in Europe's capital markets
Distressed debt hedge funds are increasingly taking on roles that EU banks once had. Opportunities abound, says Marathon's Andrew Rabinowitz
Meet Marathon, the hedge fund that bought up toxic debts at the request of the US Treasury, and is now increasingly taking care of the distressed assets of European Union banks. Asset managers such as Marathon, which have acted as the sweepers and moppers of the financial system over the past few years, are likely to grow in size and sway if present trends continue.
As European banks are asked to lift their capital levels, non-banks will step in where traditional banks will not and cannot. The
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