New Frontier

Marathon’s Managing Director of IR, Lakshmi Kapoor, interviews Tiina Lee, Deutsche Bank’s CEO of UK & Ireland.

Marathon Asset Management Co-founder and Chief Executive Officer Bruce Richards still sees opportunities in health care, hospitality, travel, airlines and real estate. “You want to ride this horse, the credit horse,” he said on “Bloomberg Markets.”

Marathon Asset Management Chairman and Chief Executive Officer Bruce Richards talks with Bloomberg’s Vonnie Quinn. Richards expects bankruptcies and ratings downgrades to continue at a rapid pace as the fallout from the pandemic continues. He sees post-Covid bankruptcies increasing fourfold to total debt outstanding of $400 billion, from about $100 billion now.

Bruce Richards, Marathon Asset Management’s chairman and chief executive officer, talks about stress in credit markets, how a federal stimulus bill could impact the market and Federal Reserve monetary policy. He speaks during an interview with Bloomberg’s Vonnie Quinn on “Bloomberg Markets.” (Source: Bloomberg)