NYC Investment Chief Schloss Headed to Angelo, Gordon
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Larry Schloss, chief investment officer of New York City’s $145 billion retirement system, is leaving to become president of investment adviser Angelo, Gordon & Co, Comptroller John Liu said.
Schloss, 59, a former global head of private equity at Credit Suisse First Boston, is departing three months before Liu’s term ends. Schloss, who earned $224,000 a year, expanded investments in hedge funds and junk bonds and hired more staff. He also called for the city’s five funds, which farm out all of their assets to more than 300 investment firms -- including New York-based Angelo, Gordon -- to manage money internally.