Tue, May 31, 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. Americas - Australian banks sending U.S. hedge funds broke, Ryan Puerto Rico ‘rescue’ bill could be windfall for hedge funds[more]

    Australian banks sending U.S. hedge funds broke From SMH.com.au: US hedge funds are not having the best of years. Profits are hard to find, they're underperforming and the punters are losing patience, withdrawing US$15 billion ($20.8 billion) in the March quarter. They're expected to wit

  2. Investing - Billionaire Wilbur Ross likes the look of Chinese bad loans, Hedge funds are still relevant in a diversified portfolio: 4 fundamental criteria for superior manager selection[more]

    Billionaire Wilbur Ross likes the look of Chinese bad loans From Bloomberg.com: U.S. billionaire Wilbur Ross said he’s considering investing in nonperforming loans in China, as Moody’s Investors Service said that the nation has the tools to prevent a financial crisis in the near term. I’

  3. Investing - Blackstone gives pricey Canadian energy and property thumbs down, One of the most concentrated hedge fund bets is getting crushed, Facebook is hedge funds' new tech darling,[more]

    Blackstone gives pricey Canadian energy and property thumbs down From Bloomberg.com: Canada’s energy assets are uneconomic and real-estate markets overvalued, making them less attractive for investment than in the U.S. and elsewhere, according to Tony James, president of Blackstone Group

  4. Study - Only 30% of institutional hedge fund portfolios beat the benchmark[more]

    Bailey McCann, Opalesque New York: A new study from CEM Benchmarking, an independent provider of cost and performance analysis for pension funds, shows that only 30 percent of institutional investors hedge fund portfolios beat the benchmark after fees. The study provides in depth analysis of real

  5. Opalesque Exclusive: $1bn hedge fund club grows to 668 managers, continues to dominate (Part One)[more]

    Komfie Manalo, Opalesque Asia: Despite an underwhelming 2015 and a slow start to 2016 in terms of performance, one group of managers that continues to dominate the assets of the hedge fund industry is the so called $1bn club – hedge fund managers with at least $1bn in assets under management (AU