Launches & Closures Mergers & Acquisitions / Joint Ventures

DragonBack morphs into institutional hedge fund platform

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Hong Kong-based DragonBack Capital is transitioning to a platform provider for hedge fund managers in Asia and overseas following the recent closure of its two strategies and the departure of its investment team, led by co-founder Matthew Barnett.

 
Robert Lance and Phil Tye


The firm returned capital to investors of its VolAsia Feeder volatility strategy and Asia Pacific Equity Multi-Strategy Fund in August, following a series of redemptions that began at the onset of the global recession. It had $45 million in AUM by end-April – down from $316 million in the