Angelo, Gordon & Co.
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Angelo, Gordon & Co.
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| Type | Private |
|---|---|
| Industry | Private equity |
| Founded | 1988 |
| Headquarters | New York City, New York, U.S. |
| Products | Distressed securities, hedge funds, Leveraged buyouts |
| Total assets | $25 billion |
| Website | www.angelogordon.com |
Angelo Gordon & Company is an American private equity firm focused on making distressed investments and a hedge fund sponsor. Within its hedge fund activities, Angelo Gordon focuses on a number of alternative investment strategies. The firm also manages convertible arbitrage, credit arbitrage, leveraged loans, merger arbitrage, real estate, power/energy as well as multi-strategy portfolios for its clients.
The firm is headquartered in New York City and has offices in Los Angeles, London, Hong Kong, Seoul, Tokyo and Oak Brook, Illinois.
The firm was founded in 1988 by John M. Angelo and Michael L. Gordon. Prior to the founding of Angelo Gordon, the two co-founders ran the arbitrage department of L.F. Rothschild in the 1980s.[1]
Investments
Angelo Gordon operates three basic types of investment vehicles:
- Illiquid strategies — Include a variety of investment strategies: distressed securities, private equity, triple net lease and real estate.
- Liquid strategies — Credit opportunities, convertible arbitrage and risk arbitrage.
- Multi-strategy — Takes advantage of attractive alternative investment opportunities from a range of the firm's disciplines.
In recent news reports Angelo Gordon & Co is the lead secured creditor including that of Bally Techologies & New Evolution Fitness with founder Mark Mastrov, Jim Rowley & Dean Moloney will be purchasing Tribune Company, Philadelphia Media Holdings and the Star Tribune Media Company in Minneapolis. [2] [3] The company was selected by the U.S. government to participate in the Public Private Investment Program, under which the government will back investment managers' purchases of toxic assets from banks.
External links
- Angelo Gordon & Company (official website)
References
- ^ FABRIKANT, GERALDINE. "BUSINESS PEOPLE; 2 Officials at Rothschild Leaving to Start Firm." New York Times, November 2, 1988
- ^ “One Investment Firm Plays Role in 3 Biggest Newspaper Bankruptcies”, “Poynter Institute”, 2009-07-09.
- ^ “What's a Big City Without a Newspaper?”, “New York Times”, 2009-08-06.
- "Investors Sue Citigroup." New York Times, August 27, 2004
- "Mortgage Firm to File Bankruptcy." Reuters, December 7, 2007
- "Angelo Gordon moves into hedge-lite strategies." Reuters, June 13, 2007
- "Delta Financial selling big stake to Angelo Gordon." MarketWatch, Nov. 16, 2007
- "[1]." Business Week, October 18, 2011
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