Angelo Gordon Nets $100 Million For New Fund

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.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...