Alden lags 2009 performance (Magazine Version)

Though Alden Global Capital generated blockbuster returns in 2009, the firm has struggled to repeat those gains this year. The Alden Global Distressed Opportunities Fund is up only 2.9% through July, a far cry from its 186.9% return for 2009. Alden was launched in 2008 by distressed-debt market expert Randall Smith, who helped train some of the industry’s most notable names, including Avenue Capital Group chairman Marc Lasry.

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