Saturday, 2 July 2016
Last updated 4 hours ago
Jun 7 2012 | 10:44am ET
Angelo Gordon & Co.'s new hedge fund took only one day—and one investor—to reach nine figures.
The fund raised $100 million from one investor on the day it opened. The diversified income fund will remain open indefinitely, according to a Securities and Exchange Commission filing.
Angelo Gordon has $24 billion in assets under management.