Wednesday, April 24, 2013

Avenue Capital's Lasry will not be envoy to France

Billionaire trader Marc Lasry told investors in his $12 billion Avenue Capital that he will remain at the hedge fund and not become the next U.S ambassador to France, according to a person familiar with the situation told Reuters

Lasry, who had been expected to get the nomination, told clients in a note on Tuesday he would remain at the New York-based firm, according to the source, who did not want to be identified….


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