Distressed Credit Investor Jamie Kelner Likes Going From Awful to Bad As Path to Profit

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Mark Melin
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With 21 percent performance in little over a year in business, Jamie Kelner, who manages a $150 million credit portfolio at Alden Global CRE Opportunities Fund, nonetheless has sleepless nights thinking about a potential recession. Such is the case with distressed credit managers with real estate exposure. Jamie Kelner’s Alden Global CRE Opportunities Fund likes distress “It’s a credit market, so it would be foolish of me to think that if we had a long recession it would be a positive,” Jamie Kelner said in a Bloomberg Briefs interview with Simone Foxman.  “While we always think that we’ve looked at…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.