Billionaire Hedge Funder Marc Lasry Will NOT Be The Next Ambassador To France

Marc Lasry Avenue Capital

Billionaire Marc Lasry, who runs distressed debt hedge fund Avenue Capital, will not be the ambassador to France, CNBC’s Kayla Tausche reported. 

According to Tausche, he told investors in a letter that he will not be the next ambassador to France.

It’s unclear why at this time.

There has been speculation for months now that Lasry would be the next ambassador.

Just last month, Bill Clinton told Politico that Lasry was told he was going to be the next ambassador. 

The hedge fund was also preparing for life without Lasry.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.