Invest across a wide universe of highly complex distressed, downgraded and non-investment grade structured credit securities utilizing credit-intensive approach with dedicated teams focused on the following:
 

• Residential mortgage-backed securities: RMBS
• Commercial mortgage-backed securities: CMBS
• Other securities: CLOs, consumer ABS (credit cards, auto loans, student loans), CDOs
• Commercial Real Estate debt: Purchase stressed and distressed CRE debt and originate opportunistic higher-yielding CRE loans secured by commercial real estate assets [link]

Marathon reverse engineers securities through rigorous, bottom-up analysis to identify and manage highly attractive risk-adjusted opportunities:

• Utilizes Marathon's integrated capabilities in real estate securities, loans and assets
• Evaluates collateral at the loan / asset level and conduct in-depth structural analysis
• Performs extensive stress tests and sensitivities based on proprietary insights

Marathon is one of eight investment firms who manages capital on behalf of the U.S. Treasury's Legacy Securities Public-Private Investment Program (PPIP) [link]