Bruce Richards: Biography, Career, and Business Insights

Bruce Richards’s Profile Summary

Company	Marathon Asset Management
Position	Chairman, Chief Executive Officer (CEO), and Co-Founder of Marathon Asset Management, an investment management firm he co-established in 1998.
Source of wealth	Management and performance fees from Marathon Asset Management, trading and principal investments from prior roles at Smith Barney and Donaldson Lufkin & Jenrette, co-founding ownership stake in Marathon Asset Management.
Also known as	Philanthropist, board member, public speaker.
Age	Unknown
Education	Tulane University – Bachelor of Arts in Economics, Summa Cum Laude
Citizenship	United States
Residence	New York City, USA
Family	Information about Bruce Richards's family is not widely available in the public domain.
Website, Social Media	https://www.marathonfund.com/

Bruce Richards’s biography

Bruce Richards is a prominent figure in the world of finance, having co-founded Marathon Asset Management in 1998 alongside Louis Hanover. With more than three decades of experience, Richards has guided Marathon to become a leading global investment firm specializing in public and private credit markets. Born and raised in New York, he earned his Bachelor's degree in Economics, graduating summa cum laude from Tulane University. Before founding Marathon, Richards held senior positions at Smith Barney, Donaldson Lufkin & Jenrette, and Shearson Lehman Hutton, where he gained deep expertise in credit markets, trading, and investment management. His leadership at Marathon emphasizes a disciplined, opportunistic investment approach, with the firm managing billions in assets across various strategies. Known for his strategic insights and ability to capitalize on credit opportunities, Richards has steered the company to deliver substantial returns for clients, while also incorporating responsible investment principles, such as being a signatory to the UN Principles for Responsible Investment (UN PRI) since 2017. Additionally, Richards is recognized for his philanthropy, particularly in supporting educational initiatives for veterans.

How did Bruce Richards make money?

Bruce Richards makes money in the following areas:

Management and performance fees from Marathon Asset Management, trading and principal investments from prior roles at Smith Barney and Donaldson Lufkin & Jenrette, co-founding ownership stake in Marathon Asset Management.
What is Bruce Richards net worth?

As of 2025, there is no publicly available and reliable information regarding Bruce Richards’s net worth.

What is Bruce Richards also known as?

Bruce Richards is a noted philanthropist, especially in the field of education for veterans, providing scholarships to support their academic pursuits at leading universities. He is also actively involved in various non-profit boards, including the R Baby Foundation, which focuses on pediatric emergency care. Additionally, Richards is a sought-after public speaker at major financial conferences and events, sharing his insights on global credit markets and investment strategies. His contributions to these areas have amplified his recognition beyond asset management

Prominent achievements of Bruce Richards

Bruce Richards has led Marathon Asset Management to manage over $20 billion in assets, consistently producing alpha for clients. His firm was selected by the U.S. Treasury to participate in the Public-Private Investment Partnership during the financial crisis. Marathon has launched multiple funds across credit markets and has been a UN PRI signatory since 2017. Richards has also received philanthropic awards, including recognition from the R Baby Foundation and the Hedge Fund Cares Award for Caring.

What are Bruce Richards’s key insights?

Bruce Richards believes in disciplined, opportunistic investment strategies, particularly in global credit markets. His philosophy emphasizes integrity, collaboration, and transparency. He advocates for buying well-managed companies that can be restructured, rather than focusing solely on liquidation value. Richards also integrates environmental, social, and governance (ESG) considerations, having signed the UN Principles for Responsible Investment (PRI) in 2017. His focus is on generating absolute returns for investors while managing risk through cycle-tested market intelligence and structured portfolios.

Bruce Richards’s personal life

No detailed or specific information regarding Bruce Richards's family has been made publicly available in verified sources

Useful insights

Leading with purpose and integrity

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