How determination and a grassroots approach helped establish ADM in Asia

Tue Jun 22, 2010

Read more:

ADM Capital's co-founder Rob Appleby talks to AsiaHedge about the perils and joys of investing in deep-value credit in Asia, and where the next debt opportunities lie

Asian distressed debt specialist ADM Capital today runs $1.7 billion in assets under management, a 47-strong team and offices in five cities. Clearly, Asia has proven fertile hunting ground for the deep-value, event-driven credit opportunities that are at the heart of ADM's strategy since Robert Appleby and Chris Botsford co-founded the firm in 1998.

Robert Appleby

There are three open-ended funds - Galleus I, with a bias towards more liquid, short-term investments; Galleus II, a managed-account platform, where investors can invest in both liquid and quasi-private equity situations; and Gladius, a European fund - as well as the closed-end Maculus Fund. The latest additions, also closed-end, are the CEECAT Recovery fund, investing in central and eastern Europe, central Asia and Turkey, and the Kazakhstan Capital Restructuring Fund, which completed its first close this month.

"Debt is in our DNA," says Appleby. "And in debt you can house all the covenants to...

ISSN: 2151-1845 / CDC10004H


The full contents of this article are available to active AsiaHedge subscribers and trialists only.

To continue reading please,
take a free trial or subscribe to AsiaHedge.


Subscribers have unlimited access to all current content, including hedge fund performance Live League Tables. Start your subscription today - click on the button below.

Subscribe now

Popular Searches on HFI