California pension adds third Angelo Gordon fund

The $4.9 billion San Mateo County Employees’ Retirement Association (SamCERA) has committed $25 million to Angelo Gordon Credit Solutions Fund Annex Dislocation Fund, as part of its opportunistic credit portfolio.

The action was taken at a special board meeting last week.

Angelo Gordon already has two funds in SamCERA’s opportunistic credit portfolio, which returned 9.2% in 2019. Those funds are Angelo Gordon Opportunistic and Angelo Gordon STAR which hold roughly $4 million each, according to year-end investment documents.

Both funds had strong returns in 2019. The AG Opportunistic fund . . .

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