Marc Lasry Stays On The Sidelines For China Distressed Debt And Is Not "Focused On" Bitcoin

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Marc Lasry, chairman, chief executive officer & co-founder of global investment firm Avenue Capital Group, at The Greater China Restructuring Forum 2019 in Hong Kong in January, 2019.

Marc Lasry, the co-founder of distressed debt investment firm Avenue Capital Group, said he is staying on the sidelines for now when it comes to distressed debt investments in China. Lasry, who is also the co-owner of the NBA’s Milwaukee Bucks, commented he is not focused on Bitcoin at the moment after revealing he has invested 1% of his personal wealth in Bitcoin last summer. The billionaire investor made the comments in an exclusive interview with China Money Network last week.

China Money Network

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Nina Xiang is the co-founder and managing editor overseeing editorial content and product development at CMN. Before founding CMN in 2011, Nina worked at BusinessWeek magazine in Beijing and Institutional Investor magazine in New York, writing about business and financial services. While in New York, she also served as part-time correspondent for Shanghai's financial television channel, China Business Network, as well as China Radio International, China's national English-language radio network.