Angelo, Gordon & Co., L.P. (New York)
Angelo, Gordon & Co., L.P. is a large advisory firm based in New York. It manages $45.67 billion of regulatory assets for 170 client accounts. It has been registered with the SEC as an adviser since 2001 and has operated in the jurisdictions of California, Illinois, New York, and Texas.
Angelo, Gordon & Co. provides portfolio management for pooled investment vehicles and managed accounts. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.
Angelo, Gordon & Co.: assets under management
The assets under management (AUM) of Angelo, Gordon & Co., L.P. is $45.67 billion, all of which is managed in discretionary accounts. The firm's AUM has grown by 661% since the beginning of its operation, and $15.51 billion of the total AUM is attributable to clients outside of the United States.
The firm manages $45.67 billion in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $268.66 million each.
Angelo, Gordon & Co. has custody of $45.67 billion in cash and securities for 170 clients in total but doesn’t act as a qualified custodian.
Investments
The firm invests in other assets the most. They account for 80% of the total AUM. The second-largest asset type is exchange traded securities, which make up 8% of the firm’s portfolio. Investments in cash and cash equivalents form 8% of the total invested assets.Fees & Commissions
The advisory firm has several streams of revenue. Clients pay Angelo, Gordon & Co., L.P. for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.
What kind of clients Lawrence Michael Schloss serves?
The only and largest group of clients of Lawrence Michael Schloss is pooled investment vehicles with 165 clients and $44.21 billion of assets under management. Among the 9 most similar advisory firms, Angelo, Gordon & Co. has the 3rd highest percentage of pooled investment vehicles out of all clients.
The amount of regulatory assets under management is $44.21 billion for 165 clients. 41% of the firm’s clients are foreign persons or businesses.
Angelo, Gordon & Co. also advises several private funds. Namely, ninety one hedge funds, two other private funds, twenty one private equity funds, and nine securitized asset funds. The minimum investment commitment required of non-related persons ranges from $200,000 to $200,000,000.
Careers at Angelo, Gordon & Co., L.P.
The company employs 393 people that are either part- or full-time employees. 41 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.
There’s a single person with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.
Lawrence Michael Schloss has been acting as President since 1 Nov 2013. Michael Laurence Gordon has served as the Chief Investment Officer since 1 Aug 1988 and John Michael Angelo is the Chief Executive Officer of Angelo, Gordon & Co., L.P. family office. Kirk Peter Wickman joined the executive team most recently as the President.
Direct owners and executive officers
Indirect Owners
The SEC currently registers 56 indirect owners.Based in New York
The principal office where Angelo, Gordon & Co., L.P. performs its advisory services is located at 245 Park Avenue, New York, NY 10167, which is also the mailing address of the firm. An additional office of the firm is in Los Angeles, CA. It doesn’t run an office outside of the United States.
You can reach the main office by calling the phone number 212.692.2000 or by fax 212.867.9328. The normal business hours are 9:00 a.m. to 5:00 p.m. on Monday - Friday. You can find more information about the New York firm at angelogordon.com.
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