Tuesday, 5 May 2015
Last updated 3 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.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…