Sun, Mar 18, 2018
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Alden Global Capital makes two new hires

Friday, June 20, 2014

Bailey McCann, Opalesque New York:

Alden Global an opportunistic, event-driven hedge fund managing $2bn in assets has made two new hires - Marc Mendelson and Ben Belfer. Both men will come on as Managing Directors in the Investor Relations Team.

Prior to joining Alden, Mendelson was Head of the Americas of the J.P. Morgan Capital Introduction team. In his new role, he will focus on institutional investors.

Belfer was previously with Third Avenue Management, where he focused on business development and client service for Alternative Investments. At Alden he will spend his time on the family office, multi-family office and high net worth channels.

Alden Global was created in 2007 by Randall Smith, a distressed debt manager. Alden has been in the news lately for its involvement in news media in Salt Lake City, Utah. At issue is the operation of Deseret News a Mormon-backed news outlet and the Salt Lake City Tribune a non-religious news outlet, which operated under the same parent company. In 2011, Alden effectively bought the Tribune part of the company, and as the complaint alleges received a substantial payment from the Deseret News side. Tribune supporters say that a joint operating agreement signed in 2013 effectively gutted the Tribune, leaving only Mormon backed media in the city. Supporters of the Tribune are seeking an injunction on the agreement as part of an effort to revive independent news in Salt Lake.


To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Performance - Hedge fund mojo is back with investor hopes at six-year high, These hedge funds produce the most consistently great results[more]

    Hedge fund mojo is back with investor hopes at six-year high From Hedge funds on the heels of a surprisingly strong performance in 2017 are raising hopes for an encore. Investors expect their managers to return 8.5 percent in 2018, according to a Credit Suisse Group AG sur

  2. Investing - Hedge funds amass big bets against world's leading advertisers, Investor Elliott Management buys tiny stake in Wipro[more]

    Hedge funds amass big bets against world's leading advertisers From Hedge funds have amassed bearish bets of more than $3bn against the world's largest advertising companies in an attempt to profit as the industry undergoes ongoing wrenching disruption and slowing growth. Funds i

  3. News Briefs - Investcorp to launch a $100 million PE fund for Omani pension funds[more]

    Bahrain-based investment firm Investcorp will soon launch a $100 million fund dedicated to Oman's Pension Funds as part of its investment plan. 'The Opportunities Fund' will be focused on private equity investments in the U.S. and Europe and will target mid-sized companies across a broad range of se

  4. DoubleLine's Gundlach sees U.S. 10-year Treasury yield rising, weighing on stocks[more]

    From Reuters/ Jeffrey Gundlach, the chief executive of DoubleLine Capital and known on Wall Street as the "Bond King," said on Tuesday the yield on the U.S. 10-year Treasury note will likely move higher and pressure riskier assets including equities and junk bonds. Gundlach, on an

  5. SEC charges Theranos CEO Holmes with fraud[more]

    Bailey McCann, Opalesque New York: The SEC has charged Elizabeth Holmes, founder and CEO of Theranos and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about t