Reuters – Hong Kong-based hedge fund manager DragonBack Capital has seen a dramatic reversal in its fortunes over the last 12 months, with its assets plunging 85 percent to around $45 million amid continued redemptions from fund of hedge funds.
Last year at this time, assets in the fund were at $316 million, falling to $187 million by year end, DragonBack Asia Chief Executive Robert Lance told Reuters on Friday.
