Marc Lasry

  • 19 Mar 2013 at 11:20 AM

Marc Lasry Is Moving To Paris

Slumming it.

If you haven’t heard, Avenue Capital’s Marc Lasry will be representing you to our oldest and least-reliable ally. The White House didn’t intend for you to hear that for a few weeks yet, and Avenue certainly didn’t intend for its clients to hear it. But no convention of courtesy or deference can hold Bill Clinton down. Read more »

Observe. Read more »

  • 13 Jun 2011 at 9:44 AM

Obama Putting The Moves On Wall Street

As you may have heard, President Obama will be running for office again. In 2008, he had a whole bunch of support from Wall Street, including JPMorgan CEO Jamie Dimon and a bunch of whole hedge fund managers. Things got slightly tense in the last few years and while some financiers vowed to never, ever trust Obama with their hearts again (not after what he did to them!), some remained loyal and others can be gotten to. Prior to announcing his reelection campaign, the President held a meeting at the White House, organized by the DNC and attended by bankers and hedge fund managers, with two goals. Goal number one: getting a few things straight and goal number two: seeing who can be counted on.

The event…kicked off an aggressive push by Mr. Obama to win back the allegiance of one of his most vital sources of campaign cash — in part by trying to convince Wall Street that his policies, far from undercutting the investor class, have helped bring banks and financial markets back to health…“The first goal was to get recognition that the administration has led the economy from an unimaginably difficult place to where we are today,” said Blair W. Effron, an investment banker closely involved in Mr. Obama’s fund-raising efforts. “Now the second goal is to turn that into support.”

A few weeks later, Obama’s campaign manager, Jim Messina, held meetings with Wall Street donors, including one held at the home of Avenue Capital founder (and Hillary turned Barack supporter) Marc Lasry. Next month, Obama will “dine with bankers, hedge fund executives and private equity investors at the Upper East Side restaurant Daniel.” Tasting menus won’t be enough to sway everyone, though, which is why the president has enlisted some wingmen to help him get the job done. Read more »

  • 17 Sep 2010 at 3:50 PM

Emma Lasry Explains “Closet Bitch”

“It wasn’t meant to be like, one of these songs that showcases your voice,” she told Daily Intel of her debut track, the video for which she’s removed from YouTube. Also: “Everyone assumes I don’t do anything and I just spend my father’s money. My dad does investing for a living, so he’s like, ‘You’re my investment. If you make it big, you’ll be able to pay me back.’” [DI]

  • 11 Aug 2010 at 4:18 PM

Avenue Capital Performance Fees Being Put To Good Use


[image via Gawker]

Also available on YouTube in case you can’t swing the $1.99. Read more »

That’s how Emma, 18, refers to herself in the aspiring pop star’s debut single. Other things the Avenue Capital founder’s daughter shares:

* “I don’t gossip”

* “I don’t talk shit”

* “Everybody thinks I’m so sweet”

* “I’m the girl you love to meet”

* “Boys want to take me out to eat”

* “But little do they know”

* “I’ve got a little secret no one knows”

What does Daddy Lasry think of the track? “It wouldn’t be my first choice for a title,’’ Lasry told Deal Journal. “But the song is really good. It’s a catchy tune.” Other things we learn about Emma via the video to “Closet Bitch” include the fact that she’s a big fan of leather, Khloe Kardashian, and black lace push-up bras. Read more »