Sun, Feb 7, 2016
A A A
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. How Einhorn survived a nightmare year[more]

    From Bloomberg.com: Even when a hedge fund has an awful year, which was the case for David Einhorn's Greenlight Capital, there are lessons to be learned. Many funds would have had a tough time surviving a year like Einhorn experienced in 2015, when all the stars seemed to align against him and Green

  2. Legal - Hedge fund founder wins early release in U.S. insider trading case, Gramercy seeking $1.3 billion from Peru over land-bond dispute[more]

    Hedge fund founder wins early release in U.S. insider trading case From Reuters/Streetinsider.com: Former hedge fund manager Doug Whitman on Tuesday won a reprieve from serving the remainder of his two-year sentence for insider trading after several judges expressed skepticism that his 2

  3. Investing - David Einhorn finds a winner in Michael Kors[more]

    From Thestreetinsider.com: Greenlight Capital hedge fund manger David Einhorn took his lumps in 2015. The fund lost over 20 percent on the year amid bets gone bad being long a plunging SunEdison and short a couple high-flying FANG stocks. However, today Einhorn is again showing his stock picking pro

  4. Investing - Avenue Capital's Marc Lasry: We like European bank loans, Comment: A bunch of hedge fund managers are chasing the 'dream of crushing a major structural problem'[more]

    Avenue Capital's Marc Lasry: We like European bank loans From CNBC.com: European banks are under immense pressure, but at least one prominent hedge fund has found what it thinks is a good opportunity in the wreckage. Marc Lasry, co-founder and chief executive of hedge fund Avenue Capital

  5. Computer-driven hedge funds make money during January’s selloff[more]

    Komfie Manalo, Opalesque Asia: Commodity trading advisers (CTAs) that use computer programs to guide how they trade, made millions of dollars during last month’s market selloff on the back of declining oil prices and global equities and big moves in currencies. Data provider