ADMC sees Thai opportunities abound

Asian Direct Capital Management (ADMC), a majority-owned affiliate of State Street, has made its first investments on behalf of the Thai Recovery Fund (TRF), and hopes to expand the fund size from $50 million to $100 million later this year, says Raymond Hood, managing director at Asian Direct.As a result, the fund's four shareholders û State Street, the Japan Bank for International Cooperation (JBIC), Germany's Kreditanstalt fur Wiederaufbau (KfW) and the Asian Development Bank (ADB)…