Angelo Gordon Poaches Arthur Peponis From Goldman

Arthur Peponis, a senior GS banker who used to advise PE firms on LBO deals and helped originate over 150 deals while at Goldman, identifying $3 billion in investments, has left the firm to join Angelo Gordon. AG, best known for distressed debt investments, real estate and mortgage securities as well as the big bin of Dramamine in the middle of the trading floor (largest holders of SRS ETF as of December 31) is likely planning on expanding into private equity. The timing of this expansion may be a little questionable.