John Angelo | Investment firm leader, 74
John Angelo, 74, who cofounded Angelo, Gordon & Co. and presided 27 years over the New York investment firm's growth to $26 billion in assets under management, died Friday from cancer, according to an email statement from Michael Gordon, the firm's other cofounder.
John Angelo, 74, who cofounded Angelo, Gordon & Co. and presided 27 years over the New York investment firm's growth to $26 billion in assets under management, died Friday from cancer, according to an email statement from Michael Gordon, the firm's other cofounder.
"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 said. "We will all miss him."
Mr. Angelo, the firm's chief executive officer, started the company with Gordon after an 18-year career with L.F. Rothschild & Co. in which he specialized in convertible securities, options, futures and distressed securities, according to a biography on the firm's website.
Gordon is the chief investment officer of the firm, which has more than 143 investment professionals.
Mr. Angelo served on the board of directors of Sotheby's, the New York-based auctioneer, since 2007.
A New York native, Mr. Angelo graduated from St. Lawrence University in 1963.
He began his finance career in 1966, working on the bond floor at the New York Stock Exchange. He was recruited to Bear Stearns in 1970.
He worked with Gordon at L.F. Rothschild, where Mr. Angelo became a partner in 1975, and vice chairman and a member of the board of directors 10 years later.
Mr. Angelo and Gordon left L.F. Rothschild in 1988 after the investment banking firm was hurt by the 1987 stock market crash. - Bloomberg News