Hedge Funds

Angelo Gordon moves to credit

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New York-based Angelo Gordon is adding a credit fund to its line-up and has seeded the new vehicle with $160 million. Tanya Pulver and Jonathan Carmel will manage the new strategy.

The new fund will focus on catalyst-driven investment opportunities. It will be divided into three trade categories: inter-credit, intra-credit and outright longs and shorts. Pulver joined the firm last year from Morgan Stanley, where she managed a proprietary trading book focused on credit and equity opportunities. Carmel also joined the firm in 2001 from Morgan Stanley to work within the convertible arbitrage group.