Hedge Funds

How determination and a grassroots approach helped establish ADM in Asia


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