DragonBack Launches First Funds On Hedge Fund Platform

Feb 23 2011 | 10:33am ET

Hong Kong-based DragonBack Capital Limited has transitioned the first funds—Tempus Investment Group and WorldOver Capital—to its hedge fund platform and will add Sharp Peak Capital Management in April.

DragonBack, a former equity multi-strategy and volatility hedge fund manager, re-emerged last year from a restructure with an all-encompassing offering to new and existing funds in the Asia Pacific region. Led by Rob Lance and Phil Tye, the 10-person team provides senior management and marketing representation, full operational infrastructure and independent risk control.
 
“We are seeing strong demand as the institutionalization of the Asian hedge fund industry takes hold,” said Lance, DragonBack’s chief executive officer. “We offer world-class support and infrastructure to our managers so they can focus on their primary responsibility, managing money.”
 
Founded in April 2006 and based in Hong Kong, Tempus Investment Group manages an equity long/short strategy that combines a systematic technical and fundamental research strategy. John Schofield is director and CIO, Martin Ching is portfolio manager and director and Adam Tam is portfolio manager and trader.
 
WorldOver Capital was founded in December 2007 as a global equity long/short strategy with a focus on emerging markets and the resource sector. The team is led by industry veterans David Sheridan and Richard Verin and is open to external investors.
 
DragonBack will also be adding Sharp Peak Capital Management to their roster in April 2011. Sharp Peak Capital Management is committing to a long volatility/long gamma strategy with an alpha generating dynamic index arbitrage overlay. They aim to launch with $100 million. The firm is based in Hong Kong and led by founders Jean-Guy Renard, Nils Razmilovic and Jonathan Hodgson.
 
“We are very excited with prospects in the space and want to take advantage of the perfect levels of volatility in Asia that are conducive to building out a portfolio,” said Phil Tye, DragonBack’s chief operating officer. “We also see a strong pipeline of activity for 2011 in the region and expect more offerings going forward.”
 


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