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.
