Hedge Funds People moves Performance

Marathon announces key management moves

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CIO Louis Hanover moves to London to replace retiring partner Adam Phillips; Gabriel Szpigiel and Christine Chartouni promoted.

   
   Marathon CEO Bruce Richards
(Photo: Bloomberg)
Marathon Asset Management, the $12.6 billion credit hedge fund firm co-founded by Bruce Richards and Louis Hanover, announced the retirement of partner Adam Phillips and several management changes in a letter to investors last night.

Phillips, the chief investment officer for Europe, worked in Marathon''s London office and leaves the firm after nine years, the last four as partner. Overall CIO Hanover will move to London to assume his responsibilities.

"We will miss Adam's leadership and vision and wish him great success and happiness in the future,” Louis said in the