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

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...