Marc Lasry Explains Why He's Done with Hedge Funds

March 10, 2017   Frances Denmark


The longtime hedge fund manager gives up on hedge funds, finding better value in longer-lock-up funds — as well as a basketball team, comic books, and a cult winery.

Marc Lasry is the quintessential American immigrant success story. Arriving in the U.S. from Marrakech, Morocco, some 50 years ago, the now-57-year-old propelled a love of basketball into a spot on a Division III team, attending college on an academic …

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