Hedge Funds Performance

ADM Galleus wins in May with landmark Indonesia deal

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Several investments went well for ADM Capital's Galleus Fund I in May, giving the fund a 0.53% boost for the month and taking year-to-date performance to 6.55%.

The first-ever natural resources loan-to-own transaction in Indonesia with an oil, gas and consumable fuels company was the most interesting deal of the month, explained ADM's Rob Appleby. In China, the revaluation of a construction materials company's warrants and debt revaluation for a real estate management and development company also contributed to the fund's gains.

The outlook for deep value debt in Asia continues to be positive, Appleby says, although opportunities