Introduction

Marathon Investment Programs is an Investment Advisory Firm committed to using active management and proprietary quantitative strategies, rather than traditional "buy and rebalance" methods, to consistently achieve high returns while maintaining a minimal amount of risk exposure. The firm’s name is derived from our long-running commitment to disciplined achievement, much like an athlete in a long distance marathon.

Founded in 1992 by Frederick D. “Fritz” Harnsberger, a Registered Investment Advisor with the state of California, Harnsberger maintains active membership in two prestigious trade organizations: the Market Analysts of Southern California and the National Market Technicians Association. He holds a Bachelor of Science degree in Mechanical Engineering from California Polytechnic University and a Master of Business Administration degree from Pepperdine University. Before establishing Marathon, Harnsberger spent 15 years with scientific firms holding key executive positions in Management, Research and Development, and Engineering.

Services Offered

Marathon utilizes proprietary Dynamic Asset Allocation methods that combine proven statistical models with resourceful market research techniques for clients with minimum portfolios of $100,000. Marathon’s unique approach eliminates investment decisions that are based on the emotions of fear and greed. Instead decisions are made using calculated analysis of stock and bond market data and our proprietary quantitative strategies which have been established through rigorous testing.

Marathon firmly believes that clients can make much more money in the long-run simply by losing less as the markets decline. Client capital is rotated between mutual funds when risk is low and to money market funds during high risk times. No-load mutual funds are used exclusively. The following programs are designed to offer consistent low-volatility results:

• High Yield Bond Program
• Sector Rotation Program
• Multi-Strategy Program
• Individual Portfolio Management and Consultation

Performance

Marathon’s risk adverse equity programs have been extremely successful in their goal of providing consistent returns while at the same time eliminating the large losses associated with stock market declines. For example, during the last three-year bear market (Jan. 2000 thru Dec. 2002) Marathon’s Sector Rotation Program returned 15% gross while the S&P 500 lost -40% during the same period. Marathon’s High Yield Program returned 18% during that same period and has outperformed the S&P by an average of over 8% per year for the last ten years. For more detailed performance information please refer to each program's monthly performance page.

Past performance is not necessarily indicative of future results. The possibility of loss exists along with the potential for profit.