$32 billion money manager Angelo Gordon told investors its 'Super Fund' is up slightly for the year after big bets on Puerto Rican debt and Toshiba

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Angelo Gordon's Super Fund, which is up 3.4% through April, has lost liquid credit managers Michael Liebman and John Rudic after two years.

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Out of the 12 strategies that feed into the Super Fund, only three have lost money so far this year, the letter states.Angelo Gordon's Super Fund, a $1.9 billion multi-strategy hedge fund run by the alternatives giant, has returned 3.4% through April, but recently lost two notable money managers. "We are pleased with the diversification and market neutrality Liquid Credit has provided, which is one of the primary reasons we added the strategy to the Fund in 2017. We remain dedicated to the strategy and team and see the strategy as an important aspect of Fund," the letter reads.

 

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