Lasry, Edens are Latest in Long Line of Hedge Fund Team Owners

Their deal to buy the Milwaukee Bucks means that at least 18 professional sports teams are now owned by alternative investment industry execs.

Marc Lasry and Wesley Edens’ deal to buy the Milwaukee Bucks basketball team for a reported $550 million is the latest in a string of purchases of professional sports teams made by executives at hedge funds and other alternative investment firms.

In Lasry’s case, it is his second foray.

To continue reading, subscribe now to Premium Journalism. Already a subscriber? login.