$18B Hedge Fund Marathon Chooses Miami For A New Office, Beating Out Charlotte & Atlanta

Yet another large hedge fund has decided to open an office in Miami.

Marathon Asset Management, which manages $18 billion and has 155 employees, will open an office here, CEO Bruce Richards told Bloomberg.

The new Miami office will be mainly for non-investment professionals, but employees will now have the choice to work from the Miami office, which the company is calling Marathon South.

Marathon also studied Atlanta and Charlotte as possible locations for the new office, but Miami beat those cities out.

New York City “is not what it was,” Richards said in the interview. Trends in place will not benefit New York over the next few years relative to places like Miami, he added.

The Miami area is seeing a surge of funds opening offices in the Miami area since the pandemic began, accelerating a movement that had begun following changes to U.S. tax law in 2017. The funds are run by some of the brightest investment minds in the world, and they are choosing to relocate to Miami.

 

37 Comments
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Azarius
7 days ago

Yes‼️ More investors, more industries, better development! Brighter Future‼️

Anonymous
7 days ago

Better transportation!! …oh, wait

Anonymous
7 days ago

“following changes to U.S. tax law in 2017”

Laws enacted by the Trump administration.

Anonymous
7 days ago

Had it been changes done by a Democrat, they would have explicitly said so. But when it was by a Republican, they omit it.

Anonymous
7 days ago

Yeah….but Donald Trump was working on a vaccine for 9 months, then Joe Biden came in and got a vaccine in less than 9 days! Joe Biden should have been elected President in 1988 when he ran the first time.

Anonymous
7 days ago

yea, im sure biden was the one who got us the vaccine *eyeroll*

Anonymous
7 days ago

If Trump got us an upward economy when he became President, then Biden got us the vaccine. Isn’t that how it works?

Anonymous
7 days ago

President BIDEN!!!!

Anonymous
7 days ago

The Pfizer vaccine is being developed by Germans, no American deserves any credit.

Anonymous
6 days ago

I am not taking a political side, but correcting a fact. Pfizer is a true American publicly traded company. It is a multinational based company. The statement that “no American deserves any credit” is ridiculous.
I am glad another hedge fund is moving to Miami.

Anonymous
6 days ago

A German and Turkish couple, and, wait for it….. they’re Muslim!!! Which president enacted a Muslim Ban?

Anonymous
7 days ago

Oh wow
You’re brilliant.
What has Biden done in 5 decades in Washington besides fattening his pocket?
I truly don’t know where your mind is at guys.

Anonymous
7 days ago

You have you’re head where the sun never shine!

TRUMP IS THE MOST CORRUPT PRESIDENT IN U. S. HISTORY!!!!!

Anonymous
7 days ago

What? Operation warp speed got that Vaccine done – by the way, the real president Trump got that done

Anonymous
7 days ago

The vaccine has nothing to do with Trump. There are drug companies all around the world racing to develop a vaccine. What Trump does get credit for is complete incompetence in the response to Covid-19. No national program for testing and tracing of victims. No coordination of distribution of PPE. Upfront lies about the disease that he admitted too in interview. Now, as cases spiral out of control, he is ignoring it. He will go down in history as one of our worst Presidents.

Anonymous
6 days ago

So it’s alright to think Trump is responsible for some kind of Covid vaccine but you righties lost your damn minds about Obama taking credit for killing Bln Laden?

Anonymous
6 days ago

“The real president Trump”, you mean there is a fake President Trump?

Anonymous
7 days ago

Forget about Trump, he is a LOOSER. HE HASN’T DONE SHIT. THAT IS WHY WE HAVE THE WORST COVID CRISES IN THE WORLD!!! Hopefully, Trump will run for president in 2024 FROM JAIL WHERE HE BELONGS!!!!

STOP DRINKING THE KOOL-AID!!!!

TRUMP IS A JERK!!!

Anonymous
6 days ago

Stop it!!! Joe Biden won the election. PERIOD!!!!

Anonymous
6 days ago

Biden got a vaccine? He’s a politician ya tard he didn’t create a vaccine any more than you or your McJob co-workers did.

Anonymous
6 days ago

Meanwhile, Trump wants a “Space Force” while we already spend money on and have an “Air Force.”

Only a Conman saying he’s a Republican can talk you righties into believing this county need something like that.

Anonymous
3 days ago

My post has nothing to do with supporting Trump, and everything to do with discrediting that fool’s assertion that Biden–or any–president is delivering a vaccine. Funny how you politools jump on any perceived slight against your candidate. Get a life and a hobby.

Anonymous
7 days ago

Enacted by Congress.

Fredo
7 days ago

Keep up the good work for Miami Deblasio and Cuomo.

Anonymous
6 days ago

NY’er’ were moving in an out of Florida and especially Miami before you were born.

Fredo
6 days ago

..and moving during the Henry Flagler days. Learn to read, and stop drinking your moonshine. The tile of the article is “18B Hedge Fund Marthon Chooses Miami…”. Again, keep up the good work Deblasio and Cuomo.

Anonymous
6 days ago

Deblasio and Cuomo have something to do with Hedge Fund companies leaving New York City?

Man, I need to stick around you every time I play the lottery.

Anonymous
7 days ago

We winning!

Mia87
7 days ago

So rats from New York and California are escaping high taxation to Texas and Florida and after coming down they vote for the same thing they escaped in the first place. That fits Einstein’s definition of insanity perfectly!

Miami2
7 days ago

Nice, but all these offices are 5 people maybe 10… its called an office, but still thank you Dumblassio and Fredo up north.

Anonymous
3 days ago

All these “hedge funds moving to Miami” stories are not entirely true. The key part is “the office will mainly be for non-investment professionals”, which was also the case with the Blackstone office story a few weeks ago. All the real money, brainpower, and decision-makers are staying in New York.

Calivalle
3 days ago

Awesomeness..😎😎👍

Anonymous
7 days ago

Thanks to president Trump – the real president.

Anonymous
7 days ago

Glad to see Trump go. I hope he goes to jail where he belongs.

TRUMP IS A LOOSER. HE LOST THE ELECTIONS. WE WON’T HAVE TO LOOK AT HIS UGLY FACE ANYMORE!!

Anonymous
7 days ago

All those idiots he duped in his administration by telling them to ignore anyone who says wear a mask are now one by one coming down with Covid 19.

Anonymous
6 days ago

Real fake President!!! The American people have spoken, “YOU’RE FIRED”!!!!

Anonymous
6 days ago

Trump treats this country like it’s a game show.