DragonBack Shutters Funds, Looks For New Hedge Fund Managers

Sep 24 2010 | 1:21pm ET

Having lost the bulk of its assets to redemptions, DragonBack Capital has liquidated its two hedge funds and rebuilt itself as a hedge fund platform.

The Hong Kong-based firm returned what was left in its Asia-Pacific Multistrategy and VolAsia funds last month, CEO Robert Lance said. DragonBack has also parted ways with its investment team, including co-founder and chief investment officer Matthew Barnett.


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