Thursday, 3 September 2015
Last updated 11 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…