Hedge fund titans who started with nothing- Self made buy side tycoons
Lasry, who was born in Morocco, grew up in West Hartford, Connecticut with his other sister, Ruth and his parents, Moise and Elise Lasry. He received a B.A. in history from Clark University in 1981 and a J.D. from New York Law School in 1984. Clerked for bankruptcy judge in Southern District of New York. Later became co-director of bankruptcy department at Cowen & Co. With sister Sonia Gardner founded distressed-debt brokerage Amroc Investments 1989. Launched hedge fund Avenue Capital 1995. Sold 15% stake to Morgan Stanley for $275 million 2006. Flagship fund fell 25% in 2008; soared 66% last year. Assets are about $20.1 billion.