Angelo, Gordon & Co (AG) has hired Gareth Henry as a managing director and global head of investor relations.
He previously held the same title within Fortress Investment Group’s liquid markets business, a unit Fortress is winding down due to poor performance at the firm’s macro funds.
At AG, Henry will report to president Larry Schloss. Schloss has been with the firm since 2013, after joining from the chief investment officer post from the New York City retirement systems. He took over all investor relations and strategy responsibilities after John Angelo, one of two of the firm’s founders, died on 1 January. Michael Gordon continues to lead AG as CIO and chief executive.
Henry replaces Garrett Walls who has moved on to oversee West Coast IR. Walls spent 10 years working with West Coast investors prior to his appointment at AG in 2010 and is looking forward to re-establishing those relationships, said a statement from the firm. He will continue to be based out of the New York office. Prior to AG, Walls spent several years at Los Angeles-based TCW Group, where he was a managing director responsible for strategic relationships.
Henry worked at Fortress since 2007 and was promoted to global head of IR for liquid markets in 2014. The firm’s liquid markets business housed Michael Novogratz’ macro hedge funds, which were shut down last year after a prolonged period of poor performance. The fund lost 17.5 percent last year through 30 September.
Prior to Fortress, Henry worked at Schroders in London as a director of strategic solutions for almost two years. He also worked at SEI Investments in Philadelphia and London as an investment manager and for Watson Wyatt, now Willis Towers Watson, in London as an analyst.
AG is headquartered in New York and has about $26 billion in assets under management across a variety of private equity, distressed debt, real estate, hedge fund and credit strategies.