Marc Lasry

The longtime hedge fund manager gives up on hedge funds, finding better value in longer-lock-up funds — as well as a basketball team, comic books, and a cult winery.
After a tough 2015 that saw fund closures at firms such as Fortress and Avenue Capital, managers can expect performance woes to continue.
A number of funds raise money for distressed-debt opportunities. Meanwhile, Avenue founder Lasry gets an arena for his Bucks.
A group called the Strong Economy for All Coalition is descending on the hedge fund manager’s Connecticut home to demonstrate against what it sees as billionaires’ outsize role in political campaigns.
Baseball star Alex Rodriguez plays with hedge fund managers; KKR’s Henry Kravis backs biotech; Pershing Square’s Bill Ackman turns to filmmaking.
The Rich List Second Teamer and his partner in the Milwaukee Bucks have to build a new arena — unless they just sell the team back.