Marathon Asset Management
In 1986, Jeremy Hosking co-founded Marathon Asset Management (UK).
Since then, he
has been responsible for investments in Southeast Asia and the Americas and also covers South Africa.
was instrumental in the portfolio decision to de-emphasize Southeast Asian markets during the years of excessive overvaluation (1994-1997).
wrote, among other pieces, South East Asia: Eighteen Reason to be Bearish in August 1995.
Upon the onset of the Asian financial crisis that began July 1997, he
argued for a more positive investment stance, and this strategy subsequently paid dividends.
Over several years, Mr. Hosking
has pursued an active position on corporate governance issues in less developed markets and also has written extensively on the implausibility of normally distributed investment valuations.
In the global financial crisis of 2008-2009, he
has warned that dangers exist in modern accounting methods (especially "mark to market"), which he
says have brought forward and inflated the losses of financial institutions.
Prior to co-founding Marathon, Mr. Hosking worked for G.T. Management in both Hong Kong and the US.
He graduated from Cambridge University in 1979.