Alden Global Capital, a hedge fund located in Manhattan, New York City, was established in 2007 by Randall D. Smith. As of mid-2020, Alden Global Capital held stakes in approximately two hundred American newspapers. In May 2021, the firm expanded its newspaper portfolio with the acquisition of Tribune Publishing, solidifying its position as the second-largest newspaper publisher in the United States. The latest disclosed portfolio value of Alden Global Capital is determined to be US$147,015,608.
Randall Duncan "Randy" Smith, born in 1942, is an American hedge fund manager and the founder and chief of investments at Alden Global Capital. Renowned as a trailblazer in vulture capitalism, Smith is recognized for his involvement in the acquisition and restructuring of distressed firms. He obtained his bachelor's degree from Cornell University in 1965 and subsequently earned an MBA from the Wharton School of the University of Pennsylvania in 1967.
