Archive for November, 2015

A Glimpse at a New York Business: Marc Lasry & Avenue Capital Group

Marc Lasry

Marc Lasry

It’s always fascinating to learn about companies based in New York and the activities that they are doing. Avenue Capital Group, founded in 1995 by the brother-sister team Marc Lasry and Sonia Gardner, works to achieve attractive risk-adjusted returns with their focus on the distressed debt and undervalued securities of US companies.

Their US strategy is focused in three main areas. They focus on companies in financial distress, those in bankruptcy and those that are undervalued because of discrete extraordinary events. As of the end of January, 2013, their assets under management allocated to the Avenue US strategy section were estimated to be around $5.5 billion.

As they explain on their website, “Avenue’s experienced investment professionals seek “good companies with bad balance sheets”— firms with sustainable businesses and positive cash flow but whose financial situation is distressed. The investment team conducts extensive research and analysis using Avenue’s top-down/bottom-up approach to find undervalued opportunities and typically seeks to make non-operational control investments in troubled businesses. This provides the strategy maximum trading flexibility and allows Avenue’s investment professionals to focus on pre-investment research and analysis rather than post-investment operating issues.”

Advertisements

, , , ,

Leave a comment

An Oasis of Mindfulness Opening in the Village

Take a break and meditate.

Take a break and meditate.

New Yorkers have a reputation for being stressed, harried and harassed. Wouldn’t it be nice if there was a place for people to go to unwind and concentrate on their larger goals in life in a quiet, supportive environment, but without having to commit to a two hour lecture?

For partners Ellie Burrows and Lodro Rinzler, the answer is a resounding yes. Together they have opened New York’s first outlet for nervous New Yorkers to participate in 30 or 45 minute meditations in the middle of their stressful days.

CEO Burrows says that her idea is to give people a space to “meditate and be quiet in a way that’s hard if you’re in New York City.”

After meeting Rinzler when she volunteered at his non-profit organization “Institute for Compassionate Leadership” Burrows wondered if it was possible to create a place in New York where meditation can become part of a busy person’s life. Her vision was to give people the ability to access mediation in a similar way to just “dropping in to get your nails done.”

Rinzler, who has written several books on meditation, created a staff of 25 expert teachers from a wide range of disciplines. The classes cover different themes such as emotions, sleep, breath, and setting specific goals for each day.

“Whatever their particular struggle might be, we’ll have a class for them,” Rinzler said.

MNDFL is opening in November at 10 East 8th Street and will be open seven days a week.

, , ,

Leave a comment