Prominent investor John Angelo dies at 74

John M. Angelo, who co-founded Angelo, Gordon & Co. and ran the New York investment firm for nearly three decades, died Friday after suffering from cancer. He was 74 years old.

Angelo was widely known on Wall Street and in New York society. He was on the board at auction house Sotheby’s, a longtime friend of former Walt Disney Co. chief Michael Eisner and a neighbor to many of Manhattan’s richest and most famous at the Dakota apartment building.

He also was husband of Judy Hart Angelo, an award-winning songstress who co-wrote the theme to “Cheers” and other well-known television shows.

Yet his eponymous firm has kept a relatively low profile even though it manages $26 billion for clients and has 400-some employees stationed throughout the world.

Angelo Gordon become a major player in distressed-debt and real-estate investing, while also running a private-equity business that has acquired midsize companies ranging from the Japanese-food restaurant chain Benihana to niche lenders.

An expanded version of this report appears on

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