NYC Pensions Chief To Join Angelo Gordon

Oct 10 2013 | 8:05am ET

The head of New York City's public pension funds is leaving the $145 billion system to join hedge fund Angelo Gordon & Co.

Larry Schloss was named president of the New York-based hedge fund, which counts the New York City Retirement Systems as a client. He'll also serve on the firm's executive committee.

Schloss' move was cleared by the city's Conflicts of Interest Board, which barred him from contacting municipal employees for a year and from sharing any fees Angelo Gordon earns from investments the system made with the firm during his four years leading the pensions. Angelo Gordon manages about $460 million for the system.

"We are pleased Larry is joining us as president," Angelo Gordon co-founder John Angelo said. "He is a seasoned investment professional who has provided leadership and insight to both public and private institutions."

Prior to joining NYCRS, Schloss was global head of private equity at Credit Suisse First Boston. He formally leaves the pension on Oct. 18, and will be succeeded on an interim basis by Seema Hingorani, who oversees hedge funds at the Bureau of Asset Management.

"We were fortunate that Larry Schloss chose to enter public service after building a sterling reputation in the private sector," New York City Comptroller John Liu said. "He has worked tirelessly to improve the funds' performance," increasing its investments in hedge funds while also leading a push to manage more money internally.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.