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Lasry to Remain at Avenue After Ambassador Speculation

Marc Lasry, who was reported to be in the running for the role of U.S. ambassador to France, told clients he will stay as co-head of Avenue Capital Group LLC.

“I am very grateful to have been considered, but I would like to put the speculation to rest and let you know that I will be remaining at Avenue,” Lasry, whose firm oversees $11.5 billion, said in a letter to clients today.