Bruce Richards is a Co-Managing Partner and the Chief Executive Officer of Marathon Asset Management. Richards is responsible for general oversight of the $17 billion the firm manages on behalf of its institutional investors. He also leads the firm's Executive Committee and is a member of its Investment Committee. Richards' day-to-day presence is critical in maximizing Marathon's synergies and leveraging the intellectual capital throughout Marathon.
Richards co-founded Marathon with Louis Hanover in January 1998. The firm focuses on the global credit markets, specifically corporate debt (both performing and distressed debt) and the structured debt markets. Marathon employs 135 professionals and maintains its headquarters in New York, with investment offices in London and Singapore.
Prior to founding Marathon, Richards worked on Wall Street for 15 years, including 10 years as a Managing Director in the fixed income divisions of Smith Barney and Donaldson, Lufkin & Jenrette where he was head of a trading desk responsible for principal investments and market making. Richards also worked at Shearson Lehman Hutton ('Lehman Brothers') as a trader in their Fixed Income Division, after starting his career at Paine Webber.
Richards and his wife Avis Richards founded the Avis & Bruce Richards Foundation in 2008 to support humanitarian and philanthropic causes throughout the United States. Richards was the recipient of Help for Children | Hedge Fund Cares' Award for Caring, the Boomer Esiason Foundation's Most Valuable Player Award and the R Baby Foundation's Philanthropic Leadership Award. He has also been honored by the UJA Federation of New York and HELP USA. Richards serves on the boards of The University System of Maryland (USM) Foundation, the R Baby Foundation, and the Columbia Grammar and Preparatory School.
Richards received his B.A. in Economics, summa cum laude, from Tulane University (1982) and is a member of Phi Beta Kappa.