Jeff Aronson, a portfolio manager at Angelo, Gordon & Co., left the firm. Aronson was responsible for all of Angelo, Gordon's $2.5 billion distressed securities business and leveraged loan efforts. [Aronson went on to co-found Centerbridge Capital. One month later, another portfolio manager with Angelo, Gordon & Co., Jeff Fraser, left the firm to co-found his own fund, Fraser Sullivan Investment, which launched its first CLO in January.]