Hedge fund titan Mark Lasry -Net Worth $1,3 Billion and is the founder and manager of $8 Billion hedge fund Avenue Capital Group
Avenue Capital Management Ii, L.p. is a financial investment advisory firm headquartered in New York, New York. The firm manages 31 accounts totaling an estimated $7.34 Billion of assets under management. Avenue Capital Management Ii, L.p.’s 156 employees help advise 11-25 clients.
Mark Lasry(52) emigrated to the U.S. from Morocco with his family when he was 7 and spoke no English. His father, Moise, was a computer programmer and his mother a teacher..
Lasry began his career investing in distressed securities in the late 1980s. Prior to that, Mr. Lasry was Co-Director of the Bankruptcy and Corporate Reorganization Department at Cowen and Company. Prior to that time, he served as Director of the Private Debt Department at Smith Vasiliou Management Company.
Lasry was approached by Robert M. Bass, to manage a pool of capital focused on distressed investments. With sister Sonia Gardner, Lasry founded distressed debt brokerage Amroc Investments in 1989.
In 1995, Lasry and Gardner struck out on their own with $7 million of capital to found Avenue Capital Group. The siblings would build the hedge fund to well over $20 billion in assets.
Net Worth $1.3 B
Education: Doctor of Jurisprudence, New York Law School; Bachelor of Arts / Science, Clark University