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Angelo Gordon & Company is an American alternative investment manager founded in November 1988〔(【引用サイトリンク】title=Company Profile for Angelo Gordon & Co LP )〕〔(【引用サイトリンク】url=http://asia.ipe.com/realestate/investment-manager-profile/angelo-gordon-co_1287.php?article=1 )〕 by John M. Angelo and Michael L. Gordon〔(【引用サイトリンク】url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=1689088 )〕 who together ran the arbitrage department of L.F. Rothschild in the 1980s.〔(【引用サイトリンク】url=http://www.wallstreetoasis.com/company/angelo-gordon-co )〕〔Fabrikant, Geraldine "(BUSINESS PEOPLE; 2 Officials at Rothschild Leaving to Start Firm )." New York Times, November 2, 1988〕 The firm is 100% employee-owned, SEC-registered, and has approximately 350 employees. Angelo, Gordon focuses on four main investment disciplines: credit, real estate, private equity, and multi-strategy.〔 Within those broad categories, the firm offers products in distressed debt and non-investment grade corporate credit, convertible and merger arbitrage,〔 residential and consumer debt, energy direct lending,〔 real estate private equity, real estate debt and lending, net lease real estate, private equity, multi-strategy, and middle market direct lending. Angelo, Gordon offers two types of investment structures: open-ended hedge fund products and closed-ended private equity-style products.〔 The firm is headquartered in New York City with additional offices worldwide including in Washington DC, San Francisco, Los Angeles, Chicago, Houston, London, Amsterdam, Hong Kong, Seoul, and Tokyo.〔 ==History== John Angelo and Michael Gordon founded the firm on strategies with which they had 15 years prior experience: distressed securities, risk arbitrage, and convertible arbitrage. The multi-strategy platform was added in 1993 as a way to offer investors a single fund which captured many of Angelo, Gordon’s investment strategies and which could tactically allocate as markets shifted. In 1998, the leveraged loan business was added as an extension of the distressed debt business.〔〔(【引用サイトリンク】url=http://supplement.pionline.com/middle-market-loans/_pdf/LSTA.pdf )〕 The firm began buying real estate as early as 1990 through investments in the distressed debt of bankrupt real estate companies. In 1993, as real estate markets buckled under the weight of too much debt, the firm launched its opportunistic real estate strategy investments with the goal of improving and repositioning the property by increasing operating income.〔 In early 2002 the company added core plus real estate to its real estate strategies as it was able to benefit from its operating partner network, and purchase high quality real estate.〔 Since 2005, the firm has expanded its real estate offerings through a dedicated opportunistic Asian real estate strategy. In the wake of the global financial crisis of 2008 and the European banking crisis of 2011, Angelo, Gordon added European real estate to its strategies as prices were depressed and liquidity was severely curtailed in the region. Net Lease real estate strategy was established in 2005 to focus on below investment grade tenants. Angelo, Gordon further expanded into the intersections of real estate and credit with the addition of real estate debt in 2006 and residential and consumer debt in 2008.〔(【引用サイトリンク】url=http://www.forbes.com/profile/jonathan-lieberman/ )〕 In 2009, Angelo, Gordon was one of only nine private investment firms to partner with the U.S. Department of the Treasury, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation in PPIP—the Private-Public Investment Partnership.〔(【引用サイトリンク】url=http://www.treasury.gov/initiatives/financial-stability/TARP-Programs/credit-market-programs/ppip/Pages/purpose-and-overview.aspx )〕 The U.S. government invested alongside the selected firms to unlock the frozen credit markets in the wake of the global financial crisis. This was a successful program. The firm took advantage of the post-2008 financial crisis contraction in bank lending to smaller companies through senior secure direct lending to energy companies in 2013 and to middle market borrowers in the private equity sponsor community in 2014.〔(【引用サイトリンク】url=http://www.leveragedloan.com/angelo-gordon-co-to-launch-middle-market-direct-lending-business/ )〕 In October, 2013 Larry Schloss, who was the Chief Investment Officer of the Retirement System for the City of New York, left his municipal position to become the president of Angelo, Gordon and Co. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Angelo, Gordon & Co.」の詳細全文を読む スポンサード リンク
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