& co. type private industry private equity founded 1988 headquarters 245 park avenue new york city new york u.s. products distressed securities hedge funds leveraged buyouts total assets 27 billion 1 website www.angelogordon.com angelo gordon & company is an american alternative investment manager founded in november 1988 2 3 by john m. angelo and michael l. gordon 4 who together ran the arbitrage department of l.f. rothschild in the 1980s . 5 6 the firm is 100 % employee owned sec registered and has approximately 350 employees . angelo gordon focuses on four main investment disciplines credit real estate private equity and multi strategy . 3 within those broad categories the firm offers products in distressed debt and non investment grade corporate credit convertible and merger arbitrage 4 residential and consumer debt energy direct lending 4 real estate private equity real estate debt and lending net lease real estate private equity multi strategy and middle market direct lending . angelo gordon offers two types of investment structures open ended hedge fund products and closed ended private equity style products . 4 the firm is headquartered in new york city with additional offices worldwide including in washington dc san francisco los angeles chicago houston london amsterdam hong kong seoul and tokyo . 4 contents 1 history 2 personnel 3 awards and recognition 4 investments 5 references 6 external links 7 additional references history edit john angelo and michael gordon founded the firm on strategies with which they had 15 years prior experience distressed securities risk arbitrage and convertible arbitrage . the multi strategy platform was added in 1993 as a way to offer investors a single fund which captured many of angelo gordon s investment strategies and which could tactically allocate as markets shifted . in 1998 the leveraged loan business was added as an extension of the distressed debt business . 4 7 the firm began buying real estate as early as 1990 through investments in the distressed debt of bankrupt real estate companies . in 1993 as real estate markets buckled under the weight of too much debt the firm launched its opportunistic real estate strategy investments with the goal of improving and repositioning the property by increasing operating income . 3 in early 2002 the company added core plus real estate to its real estate strategies as it was able to benefit from its operating partner network and purchase high quality real estate . 3 since 2005 the firm has expanded its real estate offerings through a dedicated opportunistic asian real estate strategy . 8 in the wake of the global financial crisis of 2008 and the european banking crisis of 2011 angelo gordon added european real estate to its strategies as prices were depressed and liquidity was severely curtailed in the region . 9 net lease real estate strategy was established in 2005 to focus on below investment grade tenants . 10 angelo gordon further expanded into the intersections of real estate and credit with the addition of real estate debt in 2006 11 and residential and consumer debt in 2008 . 12 in 2009 angelo gordon was one of only nine private investment firms to partner with the u.s. department of the treasury the board of governors of the federal reserve system and the federal deposit insurance corporation in ppip the private public investment partnership . 13 the u.s. government invested alongside the selected firms to unlock the frozen credit markets in the wake of the global financial crisis . 14 this was a successful program . 15 16 17 the firm took advantage of the post 2008 financial crisis contraction in bank lending to smaller companies through senior secure direct lending to energy companies in 2013 18 and to middle market borrowers in the private equity sponsor community in 2014 . 19 in october 2013 larry schloss became the president of angelo gordon and co. 20 in march of 2016 mr. schloss left the firm . 21 personnel edit mr. michael l gordon co founder ceo and chief investment officer cio 22 mr. kirk wickman chief operating officer 22 mary pat christie was a managing director before stepping down in 2015 . 23 co founder john m angelo died in 2016 23 awards and recognition edit angelo gordon s portfolio managers have in recent years been noted for top performance in their investment strategies . angelo gordon s cmbs fund and the non investment grade corporate credit fund were recognized by bloomberg for best performance for directional fixed income 2011 2014 . 24 the rmbs abs fund appeared in barron s top 100 hedge funds in 2013 25 and in 2014 . 26 angelo gordon s flagship multistrategy fund appeared in business insider s 100 most successful hedge funds in 2012 27 bloomberg s 100 top performing large hedge funds in 2013 28 and won the award for creditflux best credit multistrategy in 2014 . 29 30 investments edit 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 . references edit murray sean 14 july 2015 . deal alert angelo gordon acquires reliant funding . debanked . retrieved 20 september 2015 . company profile for angelo gordon & co lp . bloomberg . retrieved 3 june 2013 . a b c d profile . ipe . retrieved 7 january 2015 . a b c d e f company overview of angelo gordon & co. . bloomberg businessweek . retrieved 7 january 2015 . angelo gordon & co. . wallstreetoasis.com . retrieved 7 january 2015 . fabrikant geraldine business people ; 2 officials at rothschild leaving to start firm . new york times november 2 1988 through the cycle senior secured loans poised to perform pdf . angelo gordon & co. retrieved 8 january 2015 . hu bei 3 february 2009 . angelo gordon seeks up to 1 billion for asia real estate fund . retrieved 8 january 2015 . nyc s angelo gordon aims at doubling european exposure to 1bn . property investor europe . 9 march 2014 . retrieved 8 january 2015 . angelo gordon & co. announces closing of ag net lease realty fund l.p. with commitments of 160 million . pr newswire . 22 january 2007 . retrieved 8 january 2015 . kenly waite susan 24 march 2011 . angelo gordon preps cmbs fund . hedge fund intelligence . retrieved 8 january 2015 . jonathan lieberman profile . forbes . retrieved 8 january 2015 . public private investment program . us department of the treasury . retrieved 8 january 2015 . ge capital real estate and angelo gordon & co. pre qualified as legacy securities fund manager for the u.s. department of the treasury s ppip program . businesswire . 8 july 2009 . retrieved 8 january 2015 . diamond randy 14 may 2012 . ppip report offers chance for direct comparison of money managers . pionline.com . pensions and investments . retrieved 8 january 2015 . dash eric 26 august 2010 . a big surprise troubled assets garner rewards . the new york times . retrieved 8 january 2015 . comtois james 2 september 2013 . managers make hay with toxic mortgage funds . pensions and investments . retrieved 8 january 2015 . angelo gordon hires energy team for credit investments . reuters pe hub . 25 october 2013 . retrieved 8 january 2015 . angelo gordon & co. to launch middle market direct lending business . leveragedloan.com . retrieved 8 january 2015 . braun martin z. 10 october 2013 . nyc investment chief schloss headed to angelo gordon . bloomberg . retrieved 8 january 2015 . herbst bayliss svea . angelo gordon president larry schloss leaving the firm letter . reuters . retrieved 22 march 2016 . a b angelo gordon management team . angelo gordon . retrieved 22 march 2016 . a b moyer liz 4 january 2016 . john angelo investor and co founder of angelo gordon dies at 74 . new york times . retrieved 5 january 2016 . performance snapshot directional fixed income funds . bloomberg brief . 10 march 2015 . retrieved 7 october 2015 . uhlfelder eric 18 may 2013 . best 100 hedge funds . barron s. retrieved 8 january 2015 . uhlfelder eric 17 may 2014 . our top 100 hedge funds . barron s. retrieved 8 january 2015 . the 100 most successful hedge funds of 2012 . business insider . retrieved 8 january 2015 . the 100 top performing large hedge funds . bloomberg . 4 january 2013 . retrieved 8 january 2015 . clo opportunities symposium & manager awards pdf . creditflux . retrieved 8 january 2015 . davidson tom 29 may 2014 . recognizing the best in credit . creditflux . retrieved 8 january 2015 . external links edit angelo gordon & company official website additional references edit 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 v t e private equity and venture capital investment firms investment strategy venture growth mezzanine secondaries leveraged buyout history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s investors angel investor corporate venture capital commercial bank crowdfunding institutional investor insurance company investment bank endowment family office fund of funds high net worth individual merchant bank pension fund sovereign wealth fund private equity firms venture capital firms portfolio companies v t e hedge funds investment strategy arbitrage relative value capital structure arbitrage convertible arbitrage equity market neutral fixed income arbitrage fixed income relative value investing statistical arbitrage volatility arbitrage event driven activist shareholder distressed securities risk arbitrage special situation directional 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