ADM's Cartwright leaves, plans own hedge fund

Matthew Cartwright, who headed risk management at ADM Capital in Hong Kong, has left the $1.6 billion Asian distressed debt specialist and is said to be starting up his own hedge fund, according to industry sources. Cartwright, who joined ADM in 2003, is understood to be raising capital for an Asian distressed debt fund. He has been replaced at ADM by Mei Li via an internal appointment, according to Chris Botsford, the firm's chief executive. Cartwright’s vehicle is set to join …