Avenue Capital Will Not Sell High-Yield Loan Group

May 21st, 2009
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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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For Detailed Investor Profiles on these Investors, click below:
Avenue Capital Group
Related People: Ed Gellert; Jon Ford; Malcolm Robinson; Marc Lasry; Matthew Kimble; Michael Elkins; Raul Ramirez; Richard Furst; Rob Symington; Shawn Foley; Sonia Gardner
Related Entities: Amroc Investments; Avenue Capital Group; Avenue Capital Management; Avenue Capital Real Estate; Avenue CLO Fund; Avenue International LTD; Avenue Special Situations; Avenue US Strategy
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News

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