Marathon Asset Management Limited is an independent investment management company based in the West End of London. Marathon manages equities for a globally diverse client base comprising a broad range of institutional investors. Marathon was founded in 1986 as an equity-only investment manager for institutional investors. A small investment team applies Marathon’s distinctive investment philosophy within an environment free from committee based decision making. The structure fosters independent investment thought and results in portfolios with diversified, yet strong views that are designed to deliver long-term outperformance. Marathon’s focus on delivering superior investment returns, rather than asset accumulation, is facilitated by owner management and reinforced by a strong preference for performance based fees.