‘It Smells To High Heaven’, a terminated 2011 $150m investment in Angelo, Gordon & Co., did not close the books on the deal

When the New Jersey pension system terminated a $150 million investment in a fund called Angelo, Gordon & Co. in 2011, that did not close the books on the deal. In the three years since state officials ordered the withdrawal of that state money, New Jersey taxpayers have forked over hundreds of thousands of dollars in…