People Moves Politics & Regulation

Big redemptions unlikely if Avenue loses Lasry to Parisian embassy


Avenue mum on what would happen were firm co-founder to say "oui" to U.S. Ambassador role.

 Sonia Gardner and Marc Lasry (Photo: Bloomberg)

In June, Barack Obama made it clear how much he appreciated Marc Lasry.

"I just want to thank them for their extraordinary friendship," Obama said of the Avenue Capital founder and his family during a $40,000-per-plate campaign fundraiser held June 4 at their Upper East Side Manhattan home. "They have been great supporters and great friends for a really, really long time. And so to open up their beautiful home to us and offer such great hospitality, I can't be more grateful."