Avenue Capital Funds Rise In April

May 29 2008 | 2:00am ET

Avenue Capital, the $16.5 billion New York hedge fund best known as Chelsea Clinton’s very understanding employer, is taking a turn for the better in time for the former First Daughter to return to work.

The firm, headed by major Hillary Clinton supporter Marc Lasry, saw four of its hedge funds return to positive ground in April after a difficult first quarter. The funds rose between 1.3% and 1.6%, according to letters to investors obtained by Reuters, although all remain in the red year-to-date.

The $1.4 billion Avenue Internation fund rose 1.58% last month (down 2.06% year-to-date), the $960 million Avenue Europe International fund rose 1.28% (down 1.99% YTD), the $554 million Avenue Investments fund rose 1.29% (down 2.18% YTD) and the $455 million Avenue Europe Investments fund rose 1.32% (down 2.62% YTD).


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...