SINGAPORE, DECEMBER 2007
3 Degrees Asset Management Pte Ltd ("3 Degrees") announced today that it has spun-off from Finansa Pcl and is now an independent firm. 3 Degrees has also completed the acquisition of ADF Management, the investment manager of The Asian Debt Fund ("ADF"). 3 Degrees is wholly-owned by its founder, Moe Ibrahim.
"This spin-off reflects the maturity of our business and embodies the entrepreneurial spirit inherent to our industry," said Mr. Ibrahim. "We are excited to continue our journey as an independent firm, giving us added flexibility to pursue our goals".
About 3 Degrees
3 Degrees is one of the most established players in the Asian distressed debt market. Founded in 2002, the Firm focuses on Asian distressed debt, distressed real estate and special situations. The Firm launched its first fund in 2004 and employs 25 professionals. 3 Degrees manages The Asian Debt Fund, an Asian distressed debt fund with USD 380 million under management. The Firm's highly experienced investment professionals have been active participants in the Asian distressed debt market for a decade. The investment team has been recognized, on several occasions, as leaders in the Asian distressed debt market.
Awards
In 2004, ADF was awarded "Best Asian Distressed Debt Fund" and "Best Singapore Hedge Fund" at the Asian Master's of Hedge Awards. In 2006, ADF was awarded "Best Distressed Fund" at the Asian Investor Achievement Awards. In 2007, Mr. Ibrahim was selected by Institutional Investor as one of "20 Rising Stars of Hedge Funds".
Contacts
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