Sunday, 28 December 2014
Last updated 8 hours ago
Apr 24 2008 | 11:57am ET
Hong Kong-based ADM Capital has raised US$418 million for a new special situations and distressed assets hedge fund.
Earlier this month, the firm indicated that it hoped to raise as much as US$700 million for Maculus V. But Robert Appleby, ADM’s chief investment officer, told Reuters that the firm closed the fund early to more quickly take advantage of market opportunities.
Maculus V is a five-year private equity-like closed-end fund that will invest in Europe and Asia.
With the new fundraising effort, ADM now manages US$2.4 billion.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.