 |
|
| Type | Private Ownership |
|---|---|
| Founded | 1988 |
| Headquarters |  New York City |
| Industry | Private Equity |
| Products | private equity funds, Hedge Funds |
| Total assets | $20 billion |
| Website | www.angelogordon.com |
Angelo Gordon & Company is a 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 is headquartered in New York City and has offices in Beverly Hills, California, London, Hong Kong, Seoul 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 leveraged loans 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 in several newspaper bankruptcies including that of Tribune Co., Philadelphia Newspapers and The Star Tribune 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. [4]
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.
- ^ "Selling PPIP To the Public, Literally", Wall Street Journal, July 14, 2009.
- "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
  |
This article about a private equity or venture capital firm based in the United States is a stub. You can help Wikipedia by expanding it. |
|
|||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)
