Marc Lasry is a Moroccan-American billionaire hedge fund manager. He could be the cofounder and chief executive officer of Avenue Capital Group as well as the co-owner of the NBA’s Milwaukee Bucks (with Wesley Edens). After law school he worked as an attorney focusing on insolvency in the law firm Angel & Frankel. After one year, Lasry taken employment as the manager of the private debt section in the investment firm R.D. Smith (now Smith Vasillou Management). It was there he first got involved in commerce claims. After bringing in $25 million for the company in his first year and just receiving a $10,000 bonus, he left R.D. Smith and taken a position as Co-Manager of the Insolvency and Corporate reorganization Section at Cowen & Company. At Cowen & Company, Lasry recruited his sister Sonia Gardner, also an attorney, to join the company to help out with the commerce claims section. Amroc bought both commerce claims and bank debt held by sellers and providers to insolvent or distressed firms. Lasry and Gardner successfully enlarged the company’s investment focus to Europe and Asia and the sibs went to construct the hedge fund to over $11 billion in assets. In 2013, Marc Lasry had been considered by Washington to function as the next U.S. ambassador to France. Nevertheless, such a move would have needed him to divest his majority position in Avenue and possibly sell all his company’s places in France. Therefore, he chose to withdraw from thought.
$1.64 Billion
