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Pension Benefit Guaranty Corporation Awarded a Contract to MARATHON ASSET MANAGEMENT LIMITED for $24,023,464.66

Signed on

4/5/2022, 12:00 AM

MARATHON ASSET MANAGEMENT LIMITED Government Contract #16PBGC22C0017

MARATHON ASSET MANAGEMENT LIMITED was awarded a contract with the United States Government for $24,023,464.66. The contract was awarded by the agency office PENSION BENEFIT GUARANTY CORP, which is a division with the Pension Benefit Guaranty Corporation within the Pension Benefit Guaranty Corporation.

Summary of Award

MARATHON ASSET MANAGEMENT LIMITED, a financial management services company based in London, United Kingdom, received a federal contract worth $24,023,464.66 from the Pension Benefit Guaranty Corporation. The contract is for financial management services and involves notable transactions such as a payment of $11,356,564.51 towards the contract. Other transactions include payments of $6,600,000, $6,000,000, and various adjustments.

Contract Details

Contract ID16PBGC22C0017
Contract TypeD
Total Obligation$24,023,464.66
Exercised Options$24,023,464.66
Base Amount + Options$24,023,464.66
Date Signed2022-04-05
Contract DescriptionFINANCIAL MANAGEMENT SERVICES
Start Date2022-03-31
End Date2026-03-30

Agency Details

Awarding AgencyPension Benefit Guaranty Corporation
Awarding Sub AgencyPension Benefit Guaranty Corporation
Awarding OfficePENSION BENEFIT GUARANTY CORP
Funding AgencyPension Benefit Guaranty Corporation
Funding Sub AgencyPension Benefit Guaranty Corporation
Funding OfficePENSION BENEFIT GUARANTY CORP

Recipient Details

RecipientMARATHON ASSET MANAGEMENT LIMITED
Recipient LocationORION HOUSE LONDON , UNITED KINGDOM
Business CategoriesCategory Business, Foreign Owned, International Organization, Not Designated a Small Business, Special Designations

Comments

Award Transactions

Transaction #P00008$-1,972,286.51January 20, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-1,972,286.51 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00007$6,600,000.00March 17, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $6,600,000.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$-4,770,813.34September 20, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-4,770,813.34 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005$310,000.00September 4, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $310,000.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

Transaction #P00004$6,000,000.00March 11, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $6,000,000.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$6,000,000.00March 10, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $6,000,000.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

Transaction #P00002$500,000.00August 25, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $500,000.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00June 17, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$11,356,564.51April 5, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $11,356,564.51 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

Transaction #P00011$0.00April 12, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00010$6,000,000.00March 2, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $6,000,000.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$-310,000.00February 5, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-310,000.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00008$-1,972,286.51January 20, 2026

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-1,972,286.51 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00007$6,600,000.00March 17, 2025

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $6,600,000.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$-4,770,813.34September 20, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $-4,770,813.34 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005$310,000.00September 4, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $310,000.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

Transaction #P00004$6,000,000.00March 11, 2024

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $6,000,000.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$6,000,000.00March 10, 2023

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $6,000,000.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

Transaction #P00002$500,000.00August 25, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $500,000.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00June 17, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $0.00 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$11,356,564.51April 5, 2022

Pension Benefit Guaranty Corporation, a sub agency of Pension Benefit Guaranty Corporation, issued a payment of $11,356,564.51 to MARATHON ASSET MANAGEMENT LIMITED. The payment included a Subsidy Cost of $0.00.