Alden Global CRE Opportunities Fund Wins HFMWeek Performance Award

NEW YORK, Nov. 20, 2015 /PRNewswire/ -- Alden Global Capital LLC ("Alden") announced today that its Alden Global CRE Opportunities Fund won a best "Newcomer" award at the 12^th annual HFMWeek US Performance Awards.

"We are honored to win this prestigious award," said Jamie Kelner, portfolio manager. "We have a unique approach to this strategy and a strong platform and skill-set where every investment is looked at through an event-driven approach. We continue to see attractive opportunities and look forward to capitalizing on them."

The Alden Global CRE Opportunities Fund currently invests in legacy commercial mortgage-backed securities (pre-2008) deals. The investment team seeks out situations and securities that might have been overlooked by the broader marketplace to identify sources of alpha though conventional and alternative means. The CMBS strategy started as a theme in Alden's flagship fund in 2013 and was launched as a stand-alone vehicle in 2014.

About Alden Global Capital LLC

Alden Global Capital is a New York-based asset manager that employs opportunistic, event-driven strategies that invest globally and across the capital structure. Founded in 2007 by veteran investor Randall Smith, Alden has approximately $2 billion under management and is registered as an Investment Adviser with the US Securities and Exchange Commission.

About the HFMWeek US Performance Awards

The annual HFM US Hedge Fund Performance Awards reward hedge funds and funds of hedge funds that have outperformed their peers over the past 12 months. The winners were announced at an evening ceremony on October 22, 2015 at Cipriani in New York.

SOURCE Alden Global Capital LLC