Secretive Hedge Fund And Major Toys R Us Creditor Warns Of Economic “Sunset” Amid Debt Binge

As US Fed Chair Jarome Powell spoke Wednesday, whispering sweet nothings into the ear of markets by saying interest rates were “just below” the neutral level, Michael Gordon, David Kamin and Joshua Baumgarten were likely shaking their heads. The principles at Angelo Gordon, a $28 billion hedge fund managing credit and real estate investments, have a decidedly different take on the inflation outlook and credit markets than does Powell.

Q3 hedge fund letters, conference, scoops etc

No mention of Toys "R" Us in hedge fund letter

As Angelo Gordon was deeply...