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DragonBack Assets Under Management

DragonBack AUM

Hong Kong Hedge Fund, DragonBack, Sees AUM Fall 85%

A Hong Kong hedge fund has been hit hard after investors completed mass withdrawals cutting assets dramatically.  DragonBack's two hedge funds now manage just $45 million after a peak of $600 million--an 85% drop!  Interestingly, only one of the funds has had negative performance YTD with the VolAsia fund returning 0.5%.  This suggests that investors may not be satisfied with even small gains and are turning to other funds that are generating more impressive returns, or simply a dissatisfaction with the manager.  The hedge fund's manager, Robert Lance, said of the drop, "The AUM gods giveth and they taketh away."

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