Avenue Capital Group is closing it’s original hedge fund Avenue Investments.
Hedge fund manager Marc Lasry who runs Avenue Capital, distressed hedge fund with $12 billion assets under management. Lasry is also a board member of the Clinton foundation is going to be the new ambassador to France.
Former President Bill Clinton, speaking at fundraising events on Wednesday night told guests that hedge fund manager Marc Lasry will be nominated by President Obama to be the ambassador of France.
Bill Clinton invited guests to congratulate Mr. Lasry on the good news.