Reuters – As speculation mounts that Avenue Capital hedge fund co-founder Marc Lasry will be nominated as the next U.S. ambassador to France, his $12 billion firm has told investors it is naming its first chief investment officer, according to a memo reviewed by Reuters.
Lasry, who co-founded the distressed debt firm with sister Sonia Gardner in 1995, is a longtime Democratic donor who was one of the few hedge fund managers to support President Barack Obama during his re-election campaign last year.
