Marc Lasry Worried About Fiscal Cliff

October 22, 2015December 17, 2015 James Avenue Capital Group, fiscal cliff, hedge funds, Marc Lasry, Wall Stree

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.

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