Alden Funds Down Between 13% And 14%

Sep 7 2011 | 11:46am ET

Add Alden Global Capital to the list of August's hardest-hit hedge fund casualties.

New York-based Alden's Value Recovery Fund lost 13.9% last month and its Distressed Master Fund dropped 13%, Reuters reports. The former is now down 15.2% on the year and the latter 18.8%.

Alden manages between $3 billion and $4 billion.

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