Angelo Gordon Taps Millennium Execs Rudic, Liebman For New L/S Credit Strategy

Jul 25 2017 | 9:55pm ET

Global alternative investment manager Angelo, Gordon has reportedly hired former Millennium Management credit specialists John Rudic and Michael Liebman to manage a new liquid credit strategy at the firm. 

The duo will officially come aboard as managing directors in the next few months, according to a Reuters article citing a memo on Tuesday. The new liquid credit strategy will be added as a long/short strategy within Angelo Gordon’s multi-strategy platform, the article added. 

The move is reportedly part of Angelo Gordon’s commitment to broaden its expertise as it builds out its credit platform and investment team depth. The company now has more than 100 professionals engaged in multi-strategy credit, corporate credit, direct lending and structured credit strategies. 

Headquartered in New York, Angelo, Gordon & Co. is a privately held limited partnership founded in November 1988. The firm currently manages approximately $28 billion with a primary focus on three core competencies – credit, real estate and private equity strategies. 

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