Mergers & Acquisitions / Joint Ventures

Double Haven swallows DragonBack platform


In a new twist to the saga of hedge fund platform DragonBack Capital, the firm now finds itself folded up into the operation of Asia credit specialist Double Haven which joined its platform late last year.

Double Haven's founder and portfolio manager Darryl Flint says his firm - which outsources its operations, risk and other back office functions to DragonBack - will gain full control of the latter this month after purchasing the firm from its sole shareholder.

The acquisition will result in the existing DragonBack team joining Double Haven with the sole exception of DragonBack's partner Philip Tye, who