DragonBack Co-Founder Tye Out After Double Haven Sale

Oct 25 2012 | 11:05am ET

In the wake of his firm's sale, DragonBack Capital founder Phil Tye has left the firm.

Tye left last week, after Double Haven Capital Management, which had used the hedge fund platform's back-office outsourcing services, bought DragonBack. DragonBack will now serve Double Haven in-house and exclusively and has wound down all of the non-Double Haven funds on its platform.

Tye, the head of the Alternative Investment Management Association in Hong Kong, was not alone in leaving following the sale. Investor services manager Carlotta Foo also departed, although her exit was not due to the sale, Asian Investor reports.

Foo left for another firm, although it is unclear which. Equally unclear are Tye's plans.

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