Marc Lasry Worried About Fiscal Cliff

Marc Lasry
Marc Lasry

Five years ago, hedge fund manager Marc Lasry was only a little bit worried about the fiscal cliff that the government was fast approaching.   At the time he said,

“There is going to be a lot of nervousness and the markets will go down,” says Lasry, who is the founder of Avenue Capital Group.

To protect himself, he practically doubled his usual amount of investment money in cash at the end of 2010. Lasry at that time viewed the fiscal cliff crisis as an investment opportunity, and planned on making the best out of the situation.

James

James

James Allenby is the editor of Gowanus Lounge, bringing to his position a vast background on New York, and especially Brooklyn history, culture and lifestyle. Born and bred in the heart of "the County of Kings" James Allenby knows what it means to be a Brooklynite, and imparts this meaning at all times to his readers. Contact James at info(at)gowanuslounge.com.