Hedge fund Alden Global Capital probably violated federal pension protections by putting $294 million of its newspaper employees’ pension savings into its own funds, according to a Labor Department investigation.
Hedge fund Alden Global Capital probably violated federal pension protections by putting $294 million of its newspaper employees’ pension savings into its own funds, according to a Labor Department investigation.
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Sandra Clark
So he “invests” the pension money from one media acquisition into his fund which then buys another media property. Can anyone here spell PONZI?
Jerry Wolf
We didn’t do it, and we won’t do it any more.