US hedge fund manager Angelo Gordon has announced plans to create and list a blank cheque company at a time when other alternatives managers are either being acquired by or investing in the special purpose acquisition vehicles, rather than launching their own.
Angelo Gordon Acquisition Corp, a vehicle formed by hedge-fund managers John Angelo and Michael Gordon, plans to raise up to $300m (â¬188m) in an initial public offering on the New York Stock Exchange, which it will use to acquire an as yet unspecified company.
