Home Business Hedge fund Alden closes $633 million Tribune Publishing acquisition

Hedge fund Alden closes $633 million Tribune Publishing acquisition

by staff

Launched in 2007, Alden is headed by Randall D. Smith, 78, who made his fortune on Wall Street by investing in distressed companies. Smith holds one of three Alden seats on the seven-member Tribune board. Heath Freeman, 41, a Duke University graduate and the son of an investment banker who represented unions, is Alden’s president.

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