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Avenue hedge fund names CIO as Lasry seen getting ambassadorship

Reuters – As speculation mounts that Avenue Capital hedge fund co-founder Marc Lasry will be nominated as the next U.S. ambassador to France, his $12 billion firm has told investors it is naming its first chief investment officer, according to a memo reviewed by Reuters.

Lasry, who co-founded the distressed debt firm with sister Sonia Gardner in 1995, is a longtime Democratic donor who was one of the few hedge fund managers to support President Barack Obama during his re-election campaign last year.

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