Fund launches & closures

Flint launches credit shop Double Haven on Dragonback

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Darryl Flint, the well-regarded CIO for credit at Sparx Asia Investment Advisors (formerly PMA Investment Advisors), is spinning out along with his five-member credit team to establish his own hedge fund group monikered Double Haven. The firm will launch on the Dragonback platform.

The Hong Kong-based team runs a $230 million credit portfolio (comprising the PMA Credit Opportunities Fund, the PMA Temple Fund and a managed account for a large institutional investor) within the former PMA Advisors platform, and the proposed structure will migrate the entire assets/products as well as investors to Double Haven.

The five members of