Bloomberg – DragonBack Capital Ltd., a Hong Kong- based hedge-fund firm which managed as much as $600 million at its peak, has held talks with more than 30 managers to provide support services as it seeks other business after closing its hedge funds, said Chief Executive Officer Rob Lance.
The Hong Kong-based company is targeting hedge-fund startups, such as those set up by former bank proprietary traders, and existing funds trying to increase or regain assets without having to expand support staff, said Lance. It aims to sign up as many as five hedge funds in the next six to nine months, said Philip Tye, DragonBack’s chief operating officer.
