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.

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