Angelo Gordon & Company is an American alternative investment manager 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.
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 Technologies & 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. 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.