22 October 2007
By Simon Osborne
AsianInvestor.net, a subsidiary of Haymarket (Hong Kong)
Hedgies Appleby, Botsford and Firth aim to clean up drugs and child prostitution in Sihanoukville.
1,000 street kids are being fed, educated and helped by Hong Kong special situations fund managers ADM Capital, whose philanthropic fund ADM Foundation is ploughing money into worthy causes in Asia.
Cambodia, a borderline failed state, does not protect the most vulnerable in its society. Children in erstwhile seaside resort Sihanoukville, particularly those subject to dodgy parenting and chronic poverty, frequently descend to a life of drug abuse and child prostitution.
A new facility for local kids is being opened this week by the three ADM principals. It has been built for Sihanoukville foundation M’Lop Tabang and it includes classrooms, sports facilities, a canteen and a health clinic. advertisement
As well as this project, ADM takes an interest in the animal kingdom, by virtue of Rob Appleby’s period in academia as a marine biologist, and it contributes to programmes that seek to keep sharks from the cooking pot. (ADM’s corporate insignia is a shark.)
On dry land in Hong Kong, the ADM Foundation has commissioned a study into Hong Kong’s feculent air, and found that contrary to popular spin-doctoring, all the foul pollution does not blow in from across the PRC border.
“A great deal of it comes from the vehicles in Hong Kong, especially the ships in Hong Kong waters burning bunker fuel, which is incredibly dirty and a major pollutant,” Rob Appleby tells AsianInvestor.
In Asia, as well as the ADM Foundation, there is the Rice charity, which is run by a number of figures from the alternative investment industry. Charity among hedge fund managers is perhaps best known in Europe, with donations from Christopher Hohn’s Children’s Fund making him one of the world’s most generous benefactors. He donated $230 million during the last year and over $1 billion in total.
ADM Capital, founded by Chris Botsford, Denys Firth with Robert Appleby, is one of Asia’s best known distressed and special situations funds managing assets of over $1 billion. It won Asian Investor’s award for Best Distressed Fund in 2007 for its triptych of Maculus Funds.
1,000 street kids are being fed, educated and helped by Hong Kong special situations fund managers ADM Capital, whose philanthropic fund ADM Foundation is ploughing money into worthy causes in Asia.
Cambodia, a borderline failed state, does not protect the most vulnerable in its society. Children in erstwhile seaside resort Sihanoukville, particularly those subject to dodgy parenting and chronic poverty, frequently descend to a life of drug abuse and child prostitution.
A new facility for local kids is being opened this week by the three ADM principals. It has been built for Sihanoukville foundation M’Lop Tabang and it includes classrooms, sports facilities, a canteen and a health clinic. advertisement
As well as this project, ADM takes an interest in the animal kingdom, by virtue of Rob Appleby’s period in academia as a marine biologist, and it contributes to programmes that seek to keep sharks from the cooking pot. (ADM’s corporate insignia is a shark.)
On dry land in Hong Kong, the ADM Foundation has commissioned a study into Hong Kong’s feculent air, and found that contrary to popular spin-doctoring, all the foul pollution does not blow in from across the PRC border.
“A great deal of it comes from the vehicles in Hong Kong, especially the ships in Hong Kong waters burning bunker fuel, which is incredibly dirty and a major pollutant,” Rob Appleby tells AsianInvestor.
In Asia, as well as the ADM Foundation, there is the Rice charity, which is run by a number of figures from the alternative investment industry. Charity among hedge fund managers is perhaps best known in Europe, with donations from Christopher Hohn’s Children’s Fund making him one of the world’s most generous benefactors. He donated $230 million during the last year and over $1 billion in total.
ADM Capital, founded by Chris Botsford, Denys Firth with Robert Appleby, is one of Asia’s best known distressed and special situations funds managing assets of over $1 billion. It won Asian Investor’s award for Best Distressed Fund in 2007 for its triptych of Maculus Funds.
7 comments:
There go more victims of unemployment. We need more job, job, job now. Everyone and all relevant government personnel should ship in to help promoting Cambodia to businesses.
Who dare to invest in Cambodia at present? Only a few foul and a few mafias are still there to run their illegal businesses. If Cambodia is really wanting to have developped with genuine investors there, we need to change all of these corrupted people from leadership. In every country, each company has employed very intelligence people to work for them. They don't have any budget to pay corruption at all.
At present, all land avaibles for factories, for offices are owning by corrupted people and have inflated their land prices, their leasing price to almost the most expensive land on earth. On top of that, each investor has to pay bribery to set up business, facing with social unsecurity ( daylight killing ), unsecurity in the banking industry ( all their bank accounts with a lot of monies will known to Hun Sen 'family ) etc.. and etc.. And the recent destruction of Chhin Long resort is a good example of hun sen behavious toward investors!!! Areak Prey
Well if no one dare to invest in Cambodia how come they are still coming in?
Those who come in are bad investors, they know very well how to do business in Cambodia under the current situation. They pay bribe to get license, to grapse land, to exploit Cambodia's natural resources. Do you know that Pailin gems finished already. Where is the money?
I have a large amount of money in a overseas bank that I will not bring to Cambodia to invest. This is hard earned money from a lifetime of savings and one cannot risk loosing it while Cambodia law system is so corupt.
Hey, the bigger the risk, the bigger the reward will be. Don't you know?
is he dump %^$$$&%^_#$@!@!?
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