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]
[edit] Investments
Angelo Gordon operates three basic types of investment vehicles:
In recent news reports Angelo Gordon & Co is the lead secured creditor in several newspaper bankruptcies including that of 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. [4]
[edit] External links
[edit] 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
- "[1]." Business Week, October 18, 2011
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