The Avenue founder ends speculation about becoming Ambassador to France in a letter to investors.
Marc Lasry is not leaving for Paris after all.
There had been speculation for months that the $11.5 billion Avenue Capital co-founder would be nominated by the White House to be the next U.S. Ambassador to France. Bill Clinton seemed to confirm the appointment in March and the firm made personnel changes soon thereafter. Now, Lasry has said he will be staying at Avenue, according to a letter sent to investors today that was obtained by Absolute Return. The news was first reported by Reuters and CNBC.