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Angelo, who was
chief executive officer at Angelo, Gordon & Co for 27 years,
died on Jan. 1 after a long battle with cancer, Michael Gordon,
the firm's other co-founder and chief investment officer, wrote
in the email.
The two founded Angelo, Gordon & Co in 1988. The privately held
firm, which invests mostly in real estate and distressed credit,
currently manages about $27 billion in assets, according to its
website.
"John was one of the most forward-looking people I have known,
and a driving force in achieving success for our clients and for
us," Gordon wrote.
Angelo began his finance career in 1966 working on the bond
floor of the New York Stock Exchange, according to a biography
posted on Angelo, Gordon's website. He then worked at L.F.
Rothschild for 18 years, with a focus on convertible securities,
options, futures and distressed securities, according to the
website.
(Reporting by Suzanne Barlyn; Editing by Dan Grebler)
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