Angelo Gordon hires Blackstone's Soussa as chief strategy officer
Reuters
Published Sep 29, 2021 08:40AM ET
Updated Sep 29, 2021 09:41AM ET
BOSTON (Reuters) - Investment firm Angelo Gordon, which focuses on credit and real estate, said on Wednesday it hired a senior executive from Blackstone Group (NYSE:BX) as its chief strategy officer.
Scott Soussa, who had been the co-head of Blackstone's hedge fund and private equity stakes business within its Blackstone Alternative Asset Management unit, will join New York-based Angelo Gordon in April 2022.
Blackstone said earlier this year that Soussa was leaving for another opportunity but had agreed to remain with the company until the end of the year.
Soussa is the first senior hire made by Josh Baumgarten and Adam Schwartz, who took the reins as the $44 billion firm's co-chief executive officers in January 2021 after co-founder Michael Gordon stepped back from managing its day to day affairs. John Angelo, with whom Gordon founded the firm in 1988, died in 2016.
Baumgarten and Schwartz praised Soussa's knowledge of investment strategies and perspectives into the alternative investment management sector, and said in a statement that they look forward to his contributions and introducing him to their limited partners.
Baumgarten also heads credit at the firm, while Schwartz is the head of real estate.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.