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Hong Kong’s DragonBack onboards maiden funds onto platform

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After shuttering both its funds last August, DragonBack Capital, led by Rob Lance and Phil Tye, moved swiftly to re-establish itself as an Asian hedge fund platform: the DragonBack Manage

After shuttering both its funds last August, DragonBack Capital, led by Rob Lance and Phil Tye, moved swiftly to re-establish itself as an Asian hedge fund platform: the DragonBack Management Platform. The 10-person team based in Hong Kong provides a suite of support services to hedge funds that include full operational infrastructure and independent risk management as well as senior management and marketing representation. DragonBack has now onboarded the first of its funds onto the platform – Tempus Investment Group and WorldOver Capital – reported FINalternatives this week. A third, Sharp Peak Capital Management, is due to be added in April.

CEO Lance said that the firm was seeing strong demand as the “institutionalization of the Asian hedge fund industry” takes hold. “We offer world-class support and infrastructure to our managers so they can focus on their primary responsibility, managing money,” Lance was quoted as saying. The firm’s COO, Phil Tye, said that he wanted to take advantage of the “perfect levels of volatility” in Asia that were conducive to building out a portfolio and expected more offerings moving forward. Tempus Investment Group runs an equity l/s strategy, whilst WorldOver Capital runs a global equity long-bias fund led by David Sheridan and Richard Verin. Sharp Peak Capital is another Hong Kong fund led by founders Jean-Guy Renard, Nils Razmilovic and Jonathan Hodgson who hope to launch with USD100million.

 

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