Marc Lasry Net Worth is
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Marc Lasry (Arabic: U?????U? ??U????u??U?) is a Moroccan-American billionaire hedge fund manager. He is the co-founder and chief executive officer of Avenue Capital Group and the co-owner of the NBA's Milwaukee Bucks (with Wesley Edens).

Lasry was born in Marrakech, Morocco, to a Moroccan Jewish family. When he was seven, his family immigrated to the U.S. His father, Moise, was a computer programmer and his mother, Elise, was a schoolteacher. At night, his parents worked a second job selling Moroccan clothing to boutique stores. Lasry grew up in West Hartford, Connecticut. He received a B.A. in history from Clark University in 1981 and a J.D. from New York Law School in 1984. His sister is Sonia Gardner; together they founded Amroc Investments and Avenue Capital Group in 1989 and 1995, respectively.
While in law school, Lasry worked as a clerk for the then Chief Bankruptcy Judge of the Southern District of New York Edward Ryan. After law school he worked as an attorney specializing in bankruptcy at the law firm Angel & Frankel. After one year, Lasry accepted a job as the director of the private debt department at the investment firm R.D. Smith (now Smith Vasillou Management). It was there he first got involved in trade claims. After earning $25 million for the firm in his first year and only receiving a $10,000 bonus, he left R.D. Smith and accepted a position as Co-Director of the Bankruptcy and Corporate reorganization Department at Cowen & Company. At Cowen & Company, Lasry recruited his sister Sonia Gardner, also an attorney, to join the firm to assist in the trade claims department. Lasry left Cowen & Company and joined the Robert M. Bass Group after he was approached by Robert Bass to manage a pool of capital focused on distressed investments.
In 1989, Lasry and his sister Sonia Gardner founded the distressed debt investment firm Amroc Investments with a $100 million in seed money from various investors. Amroc purchased both trade claims and b

Marc Lasry Latest News

Big money, big calls: James Dinan & Marc Lasry

CNBC's Scott Wapner shares key takeaways from his discussion with James Dinan, York Capital Management founder and CEO, and Marc Lasry, Avenue Capital CEO, on the markets. The Wall Street Journal.
Posted: October 18, 2016, 11:44 am

Analyzing Utility Stocks’ Implied Volatility

The current rally could be because of the undervaluation remark by Morgan Stanley and Avenue Capital Group chair Marc Lasry. On October 5, 2016, Guggenheim Securities gave NRG Energy a “buy” recommendation with a target price of $17. Currently ...
Posted: October 20, 2016, 7:46 am

Dinan: Big issue is who controls House & Senate

James Dinan, York Capital Management founder and CEO, and Marc Lasry, Avenue Capital CEO, share their takes on politics and the presidential race. Obama: Trump whining before game is over
Posted: October 18, 2016, 10:12 am
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