Alden Global Capital

Read About Hedge Funds

Key Facts

Founded2007
Websitehttps://www.aldenglobal.com
HeadquartersNew York
Other OfficesDallas, Houston, Dubai, Jersey, Mumbai
Employees22
AUM$2.1 billion
AUM as ofMarch 31, 2017
StrategiesDistressed
Clients10

Overview

Alden Global Capital is a hedge fund based in New York with offices in Dallas, Houston, Dubai, Jersey, Mumbai. It was founded in 2007 by Randall Smith. They hold $2.1 billion in assets under management as of March 31, 2017. Read their Plain English Brochure. Alden Global Distressed Opportunities Fund - launched in October 2008 with $225mm. It has since grown to $2.8bn in AUM.

Alden Global Recovery Fund - set to launch in mid 2010 with about $500mm.

Sub Funds and Performance

NameAUM (bn) Type Min Investment Num Clients Internal $ % Fund of Funds $ % Prime Brokers
Agbpi Fund, Ltd. 0.198 hedge fund 100,000 9 Credit Suisse, Goldman, JP Morgan, Wells Fargo
Alden Dfm Spv LLC 0.015 hedge fund 0 51 11.0
Alden Dfm Spv Ltd. 0.005 hedge fund 0 25 14.0
Alden Global CRE Opportunities Master Fund, L.P. 0.354 hedge fund 2,000,000 78 4.0 7.0 Credit Suisse, JP Morgan
Alden Global Hellenic Opportunities Master Fund, L.P. 0.145 hedge fund 2,000,000 40 6.0 5.0 Credit Suisse, Goldman, JP Morgan
Alden Global Opportunities Master Fund, L.P. 0.512 hedge fund 2,000,000 30 Citi, Credit Suisse, Goldman, JP Morgan, Merrill, Wells Fargo
Alden Global Value Recovery Master Fund, L.P. 0.346 hedge fund 2,000,000 27 Citi, Credit Suisse, Goldman, JP Morgan, Merrill, Wells Fargo
Turnpike Limited 0.343 hedge fund 100,000 1 Citi, Credit Suisse, Goldman, JP Morgan, Wells Fargo

Historical Performance

2008: 40.5%
2009: 179% / 187%

Key People

NameTitlePositionOwnership
Heath FreemanPresident; Director Owner or Officer25 to 50%
Joshua KlebanChief Financial Officer Owner or OfficerNone
Michael MonticcioloChief Compliance Officer; Chief Legal Officer Owner or OfficerNone

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