{"id":8006,"date":"2008-06-30T00:00:00","date_gmt":"2008-06-30T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"avenue-capital-sees-improved-performance-in-may","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2008\/avenue-capital-sees-improved-performance-in-may.html","title":{"rendered":"Avenue Capital Sees Improved Performance in May"},"content":{"rendered":"<p>New York (HedgeCo.Net) &#8211; New York-based Avenue Capital, the hedge fund that manages roughly $20 billion, is back after a lagging first quarter.&nbsp; The company informed investors that the fund experienced gains in May for the second straight month.<\/p>\n<p>The firm&rsquo;s $1.5 billion Avenue International Ltd Fund was up over 1.5% in May, while the $1 billion Avenue Europe International Ltd Fund and the $574 million Avenue Investments LP Fund followed suit and also posted gains.<\/p>\n<p>Hedge funds are optimistic after experiencing losses stemming from last years credit crunch and subprime fallout.&nbsp; Improved performance in credit markets as of late are making the future look bright for hedge funds. <\/p>\n<p>The Avenue Capital Group was founded in 1995 and is headed by famed manager Marc Lasry.&nbsp; The funds specialize in a long\/short strategy while focuses on distressed and undervalued debt and equity opportunities.&nbsp; The company recently raised $6.1 billion for &ldquo;special situations&rdquo; trading strategies. &nbsp;<\/p>\n<p>Julie Scuderi<br \/>Senior Editor for HedgeCo.Net<br \/>Email: julie@hedgeco.net<\/p>\n<p>HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!<br \/>Be sure to check out our sister sites. For more information, visit www.hedgeconetworks.com<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.Net) &#8211; New York-based Avenue Capital, the hedge fund that manages roughly $20 billion, is back after a lagging first quarter.&nbsp; The company informed investors that the fund experienced gains in May for the second straight month. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[310,87,532,303,1175,350,1176,110,1061,1191,230,1174,633,796,236],"class_list":["post-8006","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news","tag-100-million","tag-angela-merkel","tag-april-29","tag-brokerages","tag-daughter-chelsea","tag-dillard","tag-dries","tag-due-diligence-service","tag-financial-distress","tag-fund-groups","tag-institutional-marketing","tag-new-wave","tag-repercussions","tag-screws","tag-trillion"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8006"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8006\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}