Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

Jing Chen has been eVestment’s hedge fund industry news reporter since 2011. To submit industry-related press releases or request feature ideas please contact her at

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Marc Lasry Denies Being the Next Ambassador to France

Apr 23, 2013
Jing Chen

Hedge fund manager Marc Lasry shut down previous reports that he will become the next U.S. ambassador to France.

Reuters reported that Lasry, co-founder of New York-based Avenue Capital, told investors in a letter that he would remain at the hedge fund.

eVestment previously reported that President Barack Obama was planning to nominate Lasry for the overseas position, which will require him to move to Paris. Lasry, who is a long-time donor to the Democratic part, is one of the few hedge fund supporters of President Obama.

Avenue manages $11.7 billion in capital. It invests primarily in distressed and undervalued securities, bank loans and trade claims.

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