Lasry: Cowen distressed group posted 70% and 60% consecutive annual returns
Marc Lasry · Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315) · May 15, 2023 · at 13:04
Avenue Capital co-founder Marc Lasry describes running distressed debt investing at Cowen & Company while sharing overage allocation with the Bass family trading desk.
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“I mean, we were up our first year 70%. So 70% on fifty million is Thirty-five million dollars on five hundred million, which is what they were doing. It was a lot of money. And the following year, we were up 60%.”
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