{"id":3839,"date":"2006-01-12T00:00:00","date_gmt":"2006-01-12T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"the-hedge-fund-report-home-cooking-at-forstmannleff","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/01\/2006\/the-hedge-fund-report-home-cooking-at-forstmannleff.html","title":{"rendered":"The Hedge Fund Report: Home Cooking at ForstmannLeff"},"content":{"rendered":"<p>  TheStreet.com &#8211; Usually asset managers or banks buy hedge funds, not the other way around.<\/p>\n<p>  An exception is the recent decision by $10 billion hedge fund manager Angelo Gordon &amp; Co. to buy New York equity investment firm ForstmannLeff Associates, as first reported by the Wall Street  Journal. The reason is simple: investors want alternative investments and traditional products under one roof.<\/p>\n<p>  What&#8217;s less known is the nature of the transaction. In its recent letter of intent, Angelo said it would buy a majority interest in the $3 billion money management company, while Forstmann&#8217;s  management team owns the remaining stake.<\/p>\n<p>  <a href=\"http:\/\/www.thestreet.com\/_googlen\/markets\/hedgefunds\/10261411.html?cm_ven=GOOGLEN&amp;cm_cat=FREE&amp;cm_ite=NA\">Read Complete Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TheStreet.com &#8211; Usually asset managers or banks buy hedge funds, not the other way around. An exception is the recent decision by $10 billion hedge fund manager Angelo Gordon &amp; Co. to buy New York equity investment firm ForstmannLeff Associates, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-3839","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3839"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3839\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}