Nov. 4 (Bloomberg) -- Angelo Gordon & Co. LP, a New York- based investment firm, is buying bonds in Canadian media company Canwest Global Communications Corp., the Globe and Mail reported today.

Angelo Gordon, an $18 billion hedge fund, has been buying debt since parts of Canwest filed for bankruptcy protection in October, the newspaper said, citing people involved in the Winnipeg, Manitoba-based company’s restructuring.

The Globe didn’t say how big a stake the investment firm is buying and a spokesperson for Angelo Gordon declined to comment, according to the paper. Units of Canwest, Canada’s largest media company, including the National Post Co. and Canwest Television LP, filed for protection from creditors on Oct. 6 as part of a plan to refinance debt.

David Roberts, one of Angelo Gordon’s senior executives, has experience in Canadian private-equity investing, and formerly worked at Toronto-based Gordon Capital, the paper said.

To contact the reporter on this story: Hugo Miller in Toronto at hugomiller@bloomberg.net

Last Updated: November 4, 2009 07:48 EST