Their mini resolution trust is named after a bottom-dwelling, scum-sucking shellfish and the promoters of the Mytilus fund indeed expect to play a very useful role extracting value from the sunken casualties that lurk in Asia’s distressed-debt securities markets.
Mytilus, managed by the Asian Debt Recovery Company (ARDC), differs from other Asian impaired-value funds in offering vendors a share in the upside of any recoveries made on their assets. That is because vendors get units in the fund, not cash for assets they vend in.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
