A 20-year Wall Street veteran has joined distressed debt shop Marathon as the market for troubled companies heats up

In 2017, Marathon said it began planning for a new distressed debt fund to capitalize on the next US recession, which its founder said could come as soon as this year.

One of the world's largest credit hedge funds is adding to its stable of traders who wager in the market for distressed corporate debt just as gyrating stock markets lead investors and pundits to question whether a US recession is on the horizon. $15 billion … [+2064 chars]
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