Angelo, Gordon adds Mollett as global head of distressed debt

By Sarah Lizee

Olympia, Wash., Jan. 25 – Angelo, Gordon & Co. said that Ryan Mollett will be joining the firm as global head of distressed debt, according to a Thursday press release.

He will report to Josh Baumgarten, Angelo, Gordon’s co-chief investment officer.

“Distressed debt investing has been a core element of Angelo, Gordon’s investment strategy since the firm began nearly 30 years ago,” Michael Gordon, chief executive officer and co-chief investment officer at Angelo, Gordon, said in the release.

“[Mollett] is a seasoned and talented distressed investor, whose deep understanding of credit and distressed market environments and significant experience executing on highly complex situations, will further bolster our distressed capabilities and deliver for our clients.”

“[Mollett] is a proven leader who brings a diverse set of skills that will help navigate where we believe credit markets will move well into the future,” Baumgarten added in the release.

“[Mollett] has demonstrated that he can deliver strong risk adjusted returns through credit cycles with both creativity and a deep focus on fundamental analysis and downside protection, which is a great fit with Angelo, Gordon’s own investment principles.

Mollett was most recently a senior managing director of GSO Capital Partners LP, the global credit investment platform of Blackstone, where he focused on distressed and special situation investing.

At GSO, he was a senior member of GSO’s global distressed investment team, a joint portfolio manager of GSO’s Capital Solutions funds, Credit Alpha funds and the Special Situations funds. He also served on the investment committees for these funds.

Angelo, Gordon is a New York-based alternative investment firm focused on credit and real estate investing.

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