Adam Langley
About Adam Langley
Adam Langley serves as President of Angel Oak Funds Trust and Angel Oak Strategic Credit Fund (ASCIX), a role he has held since 2022; he is also Chief Operating Officer of Angel Oak Capital Advisors, LLC since 2021 and previously served as Chief Compliance Officer across multiple affiliated entities from 2015–2022 . His background is centered on operations and compliance leadership across the Angel Oak fund complex, reflecting deep governance and regulatory oversight experience rather than portfolio management responsibilities . As context for performance during his tenure, the Angel Oak Strategic Credit Fund ranked first quartile since inception, second quartile on three- and five-year periods, and third quartile on the one-year period ended December 31, 2024, and it outperformed the Bloomberg U.S. Aggregate Bond Index across one-, three-, five-year periods and since inception . The proxy does not provide TSR or company-level revenue/EBITDA metrics for ASCIX beyond fund performance disclosures .
Past Roles
| Organization | Role | Years | Strategic Impact |
|---|---|---|---|
| Angel Oak Capital Advisors, LLC | Chief Operating Officer | Since 2021 | Not disclosed |
| Angel Oak Capital Advisors, LLC | Chief Compliance Officer | 2015–2022 | Not disclosed |
| Falcons I, LLC | Chief Compliance Officer | 2018–2022 | Not disclosed |
| Angel Oak Strategic Credit Fund | Chief Compliance Officer | 2017–2022 | Not disclosed |
| Angel Oak Financial Strategies Income Term Trust | Chief Compliance Officer | 2018–2022 | Not disclosed |
| Angel Oak Dynamic Financial Strategies Income Term Trust | Chief Compliance Officer | 2019–2022 | Not disclosed |
| Angel Oak Credit Opportunities Term Trust | Chief Compliance Officer | 2021–2022 | Not disclosed |
| Angel Oak Commercial Real Estate Solutions | Chief Compliance Officer | 2021–2022 | Not disclosed |
| Buckhead One Financial Opportunities, LLC | Chief Compliance Officer | 2015–2022 | Not disclosed |
| Angel Oak Capital Partners II, LLC | Chief Compliance Officer | 2016–2022 | Not disclosed |
| Hawks I, LLC | Chief Compliance Officer | 2018–2022 | Not disclosed |
External Roles
No external directorships or outside positions for Adam Langley are disclosed in the DEF 14A; the officer biography lists only internal roles within Angel Oak entities .
Performance Compensation
Not disclosed in the DEF 14A. The filing is a special-meeting proxy focused on advisory agreements and a trustee election; it does not include officer-specific compensation metrics, targets, or payouts .
Fixed Compensation
Not disclosed in the DEF 14A for officers. Trustee (board) compensation is disclosed separately, but Adam Langley is an officer (President), not an independent trustee .
Equity Ownership & Alignment
| Item | As of | Value |
|---|---|---|
| Officers and Trustees as a group – beneficial ownership of Fund shares | April 28, 2025 | Less than 1% of outstanding shares of the Funds |
Notes:
- Trustee-by-trustee ownership ranges are disclosed, but the proxy does not list Adam Langley individually in those trustee tables; as an officer, his individual beneficial ownership is not provided .
Employment Terms
| Item | Detail |
|---|---|
| Current office | President of Angel Oak Funds Trust and Angel Oak Strategic Credit Fund; term since 2022 with an indefinite term |
| Signing authority | Signs communications and notices as President for both Trust and Fund |
| Contract/severance/CoC | No officer employment agreement, severance, or change‑of‑control provisions are disclosed in the DEF 14A (the document centers on New Investment Advisory Agreements at the fund level) . |
| Organizational context | Proposed change in Adviser control (Brookfield majority acquisition) is not expected to change day‑to‑day management, personnel, or fees for the Funds . |
Fund Performance Context (Angel Oak Strategic Credit Fund – context for oversight)
| Metric | Since Inception | 5-Year | 3-Year | 1-Year |
|---|---|---|---|---|
| Peer Group Quartile Rank (Institutional Class) | 1st quartile | 2nd quartile | 2nd quartile | 3rd quartile |
| Versus Bloomberg U.S. Aggregate Bond Index | Outperformed | Outperformed | Outperformed | Outperformed |
Governance Oversight (Board Context)
- The Board maintains Audit/Financial/Admin Oversight, Nominating & Governance, Compliance Oversight, and Valuation & Risk Management Oversight Committees; each Independent Trustee attended at least 75% of meetings in the fiscal year ended January 31, 2025 .
- In approving New Investment Advisory Agreements tied to the Brookfield transaction, Independent Trustees reviewed service quality, performance, fees/expenses, profitability, and economies of scale; they concluded services and fees remain reasonable and no material changes in day‑to‑day operations or personnel are expected .
Investment Implications
- Role and retention risk: Langley’s profile is operations/compliance-focused (COO; long‑tenured CCO roles) rather than portfolio management, which reduces key‑person investment risk for ASCIX strategy execution; the proxy underscores continuity of personnel and services through the Brookfield transaction, suggesting low near‑term disruption risk .
- Pay‑for‑performance/insider signals: The filing provides no officer‑specific compensation, vesting, or ownership pledging details for Langley, limiting assessment of pay alignment, vesting overhang, or potential selling pressure; group ownership by officers and trustees is under 1% of outstanding shares .
- Execution and performance context: ASCIX’s multi‑period top‑half peer rankings and benchmark outperformance since inception provide constructive performance context under the current operating framework overseen by the Trust’s leadership, though this is not directly attributable to Langley’s personal incentives or decision‑making .
- Governance and oversight: Robust committee structure and documented Independent Trustee review of advisory terms support governance quality, but absent officer compensation disclosure, shareholders lack visibility into individual incentives and clawback/CoC protections for key officers .