Dana Troxell

The only thing more audacious than alternatives firm Angelo Gordon’s buying a traditional asset manager was its putting a merger banker in charge.

Two years ago when Dana Troxell, a Goldman, Sachs & Co. merger banker specializing in money managers, quit to join hedge fund firm Angelo Gordon & Co., Wall Streeters scratched their heads.

During his eight years at Goldman Sachs, Troxell, now 44, had had a hand in several big deals, including FleetBoston Financial Corp.’s

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