Risk.net

Slade is Marathon Man

Marathon Asset Management is to buy Refco's European businesses, including Refco Overseas.London hedge fund Man Group had bought Refco's futures brokerage business in a November 10 auction, but then decided that there was too much of an overlap between Refco Overseas and Man's existing London-based brokerage business.It has sold the business to Marathon, which had also participated in the auction.Mark Slade, formerly head of Refco's European operations, will become chief executive of the new