Our Firm

Our Firm

Marathon Asset Management, operating as Marathon-London in North America and Japan, is an independent, privately owned investment management firm based in London. Founded in 1986, Marathon has successfully applied longer-term and often contrarian strategies in its investments around the globe on behalf of its institutional client base.

Marathon offers clients access to a variety of equity strategies spanning regional, international and global markets, all managed under its distinctive Capital Cycle Philosophy.

Institutional clients can access Marathon’s capabilities through separately managed accounts or, in certain jurisdictions and for selected strategies, commingled vehicles. Although Marathon does not, itself, offer US mutual funds, we do act as subadvisor to such funds provided by trusted partners, offering access to selected strategies. 

If you are interested in learning more about Marathon and what we may be able to do for you, please contact us.

Our Culture

Our Culture

Marathon seeks to meet our clients' performance expectations, and thereby retain long-standing institutional relationships; and to retain Marathon's investment-centric culture built upon the tenets of individual accountability and alpha generation.

Marathon's investment culture is characterised by intellectual curiosity, eclecticism and non-consensus decision-making.

The firm has been structured to align firm and client objectives, including a long-term investment horizon and a focus on performance rather than asset gathering. The investment team’s remuneration is based on long-term performance relative to the benchmark. Product proliferation is avoided to stay focussed on a narrow range of strategies.

Furthermore, the capital cycle approach, uncommon in the investment world, is not bound by style or market cap restrictions which leads to a stimulating and independent investment environment in which portfolio managers have the intellectual freedom to invest widely across all industries.

The Purpose, Vision and Values statement codifies Marathon's corporate goals and behaviours for clients, staff, and all stakeholders in our firm. The statement also reflects the need to ensure that our business and staff exhibit the right attributes to help deliver good conduct leading to positive, client-centric outcomes.

Marathon’s approach to management is based on a multi-counsellor model; under this approach each portfolio manager conducts their own research and is completely accountable for the management of their own allocation. 

Client portfolios are typically constructed by combining several portfolio manager allocations together in set proportions to form regional and multi-regional portfolios (though certain regions and the Global Opportunities product are “single manager”). The base proportion of each region that is allocated to each regional manager is a decision taken by the board under advice from the senior investment team members.

Our People

Our People