Avenue Capital Group LLC, the distressed-debt firm co-founded by Marc Lasry, has appointed Richard Furst as chief investment officer amid speculation that Lasry will be nominated as U.S. ambassador to France.
Avenue Capital Group and Golden Tree Asset Management are planning to take over Travelodge Ltd as the budget hotel chain looks to raise cash, the Sunday Times reported, citing unidentified people close to the negotiations.
Avenue Capital Group, the hedge fund-firm run by Marc Lasry , is in talks to hire members of Goldman Sachs Group Inc. ’s proprietary-trading business in the U.S., according to two people briefed on the discussions.
Marc Lasry, founder of Avenue Capital Group LLC, is heading into the end of the year with more cash than his firm usually holds, to take advantage of a possible market selloff should U.S. lawmakers fail to agree on steps to reduce the country’s debt.
A group of Goldman Sachs Group Inc. traders in the U.S. is being pursued by at least three competing firms including Avenue Capital Group as the investment bank prepares to break up the unit, according to two people briefed on the discussions.