Hedge Fund - Avenue Capital

Marc Lasry Bio, Returns, AUM, Net Worth

Avenue Capital Group is a New York -based multi-strategy hedge fund founded by Marc Lasry and his sister Sonia E. Gardner. Avenue Capital had approximately $13.0 billion AUM in 2011. According to the hedge fund itself, as of September 30, 2023, Avenue Capital still had a whopping $12.5 billion in AUM, which made it one of the biggest financial firms in the world.

The fund focuses on distressed and undervalued debt and equity opportunities in the U.S., Asia and Europe. The companies face usually financial distress but otherwise have strong market, growth, or other potential. The hedge fund's investment strategy sees it invest primarily in three kinds of firms. These are firms with financial difficulties that are undertaking turnaround efforts, those that have entered bankruptcy, and companies that are undervalued through no fault of their own. Mr. Lasry's top stock picks typically include these firms, but his fund also invests in other securities. Some of these include bank debt and high yield debt.

Marc Lasry received his B.A in history from Clark University and a J.D. from New York Law School. Lasry is also one of the highest paid hedge fund managers in the world. His net worth as of September 2023 sits at $2.1 billion.

Marc Lasry
Fund Profile
Filing Period:
Fund Name: Avenue Capital
Manager Marc Lasry
Portfolio Value $67,726,712
Change This QTR +0.67%
Fund Holdings Sector Distribution
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Last update:
No. Security Ticker Shares Value Activity % Port History
1. NEXT 7,180,457 $34,250,780 50.57%
2. STR 497,280 $11,691,053 17.26%
3. FYBR 357,453 $9,057,859 13.37%
4. ALX 38,651 $8,254,694 12.18%
5. GRAB 550,000 $1,853,500 -16% 2.73%
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