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Angelo, Gordon & Co. LP Review

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This review was produced by SmartAsset based on publicly available information. The named firm and its financial professionals have not reviewed, approved, or endorsed this review and are not responsible for its accuracy. Review content is produced by SmartAsset independently of any business relationships that might exist between SmartAsset and the named firm and its financial professionals, and firms and financial professionals having business relationships with SmartAsset receive no special treatment or consideration in SmartAsset’s reviews. This page contains links to SmartAsset’s financial advisor matching tool, which may or may not match you with the firm mentioned in this review or its financial professionals.

Angelo, Gordon & Co. LP is a fund firm based in New York City. The firm manages 187 hedge funds and has more than $56.2 billion in assets under management. A total of 172 advisors work at the firm.

If you’re consider investing but aren’t sure if hedge funds are the right option for you, remember that these are complex and loosely regulated investments and that you have to be an accredited investor to put money into one. Consider finding a financial advisor to work with using SmartAsset’s free financial advisor matching service.

Angelo, Gordon & Co. Background

Angelo Gordon was founded in 1988 by John Angelo and Michael Gordon, in New York City. The majority owners of the form are Judith H. Angelo and the Michael Gordon 2011 Revocable Trust and related parties. Around 100 senior employees also have a direct or indirect minority interest in the firm.

Angelo Gordon is headquartered in New York City. It also has offices in Los Angles, San Francisco, Houston, Chicago, Washington DC, London, Frankfurt, Milan, Amsterdam, Hong Kong, Seoul, Tokyo and Singapore.

The firm mostly allows investors to put money into the collective investment vehicles it manages, though it does manage some separate accounts on a fully discretionary basis.

Angelo, Gordon & Co. Investment Philosophy

Advisors at Angelo Gordon combine in-depth fundamental research and a conservative approach to valuation to make decisions about how to allocate the money in their hedge funds.

There are two basic strategies used at Angelo Gordon:

  • Credit, including distressed debt, leveraged loans, liquid credit, structured credit (residential, consumer and commercial real estate), energy credit and middle market direct lending.
  • Real estate, where the firm buys underperforming assets and works to add value, plus investing in commercial real estate debt, with an emphasis on CMBS securities, and in net lease real estate.

Largest Hedge Funds Managed by Angelo, Gordon & Co.

AG Mortgage Value Partners Master Fund

AUM: $6,222,504,564
Minimum: $5 million
Beneficial Owners: 913

AG Super Fund Master

AUM: $2,011,831,237
Minimum: $1 million
Beneficial Owners: 1,204

AG Direct Lending Fund III

AUM:  $1,859,189,819
Minimum: $5 million
Beneficial Owners: 513

AG Realty Value Fund X

AUM: $1,680,856,510
Minimum: $5 million
Beneficial Owners: 109

AG Core Plus Realty Fund IV

AUM: $1,440,671,892
Minimum: $5 million
Beneficial Owners: 101

Fees at Angelo, Gordon & Co.

Angelo Gordon generally earns fees from both negotiated asset-based fees (where the fund pays a percentage of the total assets being managed by the firm) and performance fees, which are paid based on how well the fund performs.

There is no standard fee schedule at Angelo Gordon, and individual funds negotiate their rates.

What to Watch Out For

First, it’s important to remember that by their very nature, hedge funds are complicated financial instruments without the kind of regulation that other investments are subject to. You also must be an accredited investor to put money into a hedge fund. If this makes you think twice about using hedge funds as a potential investment, consider working with a financial advisor to come up with a path that works better for you.

Angelo Gordon does not have any disclosures on its record.

Becoming a Client of Angelo Gordon

To talk to someone about investing with Angelo Gordon, you can email here or call 212-692-2000.

Investing Tips

  • If a hedge fund doesn’t make sense for you, consider working with a financial advisor. Finding a financial advisor doesn’t have to be hard. SmartAsset’s free tool connects you with financial advisors in your area in five minutes. If you’re ready to be matched with local advisors, get started now.
  • To get a general sense of what your investment could be worth in the years to come, use SmartAsset’s free investment calculator.
  • If you earn a lot of money investing, you may be wondering what will happen to it after you die. Make sure to come up with an estate plan so everything is taken care of after you are gone.

How Long $1mm Lasts in Retirement

SmartAsset's interactive map highlights places where $1 million will last the longest in retirement. Zoom between states and the national map to see the top spots in each region. Also, scroll over any city to learn about the cost of living in retirement for that location.

Rank City Housing Expenses Food Expenses Healthcare Expenses Utilities Expenses Transportation Expenses

Methodology We analyzed data on average expenditures for seniors, cost of living and investment returns to determine how many years of retirement a $1 million nest egg would cover in cities across America.

First, we looked at data from the Bureau of Labor Statistics (BLS) on the average annual expenditures of seniors. We then applied cost of living data from the Council for Community and Economic Research to adjust those national average spending levels based on the costs of each expense category (housing, food, healthcare, utilities, transportation and other) in each city. Using this data, SmartAsset calculated the average cost of living for retirees in the largest U.S. cities.

We assumed the $1 million would grow at a real return (interest minus inflation) of 2%. Then, we divided $1 million by the sum of each of those annual numbers to determine how long $1 million would cover retirement expenses in each of the cities in our study. Cities where $1 million lasted the longest ranked the highest in the study.

Sources: Bureau of Labor Statistics (BLS), Council for Community and Economic Research