Avenue Capital Will Not Sell High-Yield Loan Group
|May 21st, 2009||
|Hedge fund manager Avenue Capital Group is no longer looking to sell-off its High-Yield Loan Group. According to an article from Bloomberg, with the rebound in the market, the fund manager is now even exploring the possibility of acquiring high-yield loan funds from other managers.|
Avenue Capital Group was founded in 1995 by CEO Marc Lasry and his sister President Sonia Gardner. Prior to founding the firm, Lasry and Gardner founded Amroc Investments, a boutique broker of distressed bank debt and trade claims.
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