Marc Lasry On His Best Investment Ever: Ford Bank Debt

After years of outperformance during the great recession, distressed debt investing has cooled off for most of the last year with positive but nearly flat returns as an industry for the last ten months. That’s to be expected for an anti-cyclic strategy that has more opportunities to choose from when companies are struggling, but investors risk appetite has also created a challenge for fund managers, explains Marc Lasry, chairman and co-founder of Avenue Capital Group, in recent interview with NYU Stern School of Business magazine Evaluation. Marc Lasry: Investors expect 40x the risk free rate of return “The biggest difference…