Wednesday, 24 August 2016
Last updated 17 hours ago
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.