Billionaire Marc Lasry's Top 10 Stock Picks
In this piece, we will take a look at billionaire Marc Lasry's top ten stock picks.
Avenue Capital Group is a New York -based multi-strategy hedge fund founded by Marc Lasry and his sister Sonia E. Gardner. Avenue Capital had approximately $13.0 billion AUM in 2011. According to the hedge fund itself, as of September 30, 2023, Avenue Capital still had a whopping $12.5 billion in AUM, which made it one of the biggest financial firms in the world.
The fund focuses on distressed and undervalued debt and equity opportunities in the U.S., Asia and Europe. The companies face usually financial distress but otherwise have strong market, growth, or other potential. The hedge fund's investment strategy sees it invest primarily in three kinds of firms. These are firms with financial difficulties that are undertaking turnaround efforts, those that have entered bankruptcy, and companies that are undervalued through no fault of their own. Mr. Lasry's top stock picks typically include these firms, but his fund also invests in other securities. Some of these include bank debt and high yield debt.
Marc Lasry received his B.A in history from Clark University and a J.D. from New York Law School. Lasry is also one of the highest paid hedge fund managers in the world. His net worth as of September 2023 sits at $2.1 billion.
