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." KKR Profit Rises 39% as Market Rebound Lifts Investments (Bloomberg) KKR & Co. LP, the private-equity firm run by Henry Kravis and George Roberts, said fourth-quarter profit rose 39 percent as the stock market rally allowed it to mark up investments. Economic net income, a measure of profit excluding some costs, rose to $714.6 million from $515.3 million a year earlier, New York-based KKR said in a statement today.