Traxis Emerging Markets Fund Goes Offshore

Mar 5 2010 | 2:26pm ET

Traxis Partners has set up an offshore version of its two-year old emerging markets fund.

The New York-based firm, headed by former Morgan Stanley chief strategist Barton Biggs, launched the new fund last month. Traxis, in which Morgan Stanley owns a minority stake, created the fund to satisfy demands from overseas investors, according to HedgeFund.net.

The new fund, which manages $28 million, follows a long/short strategy focusing on Asian, Eastern European and Latin American equities. It employs a sector-specific investing strategy like its $170 million onshore predecessor. Traxis has not put a figure on how large the new fund can grow to be.

The emerging markets vehicle charges 1.5% for management and 20% for performance. Unsurprsingly, Morgan Stanley is its prime broker, and it features IFS as third-party administrator.

All told, Traxis manages $1.2 billion.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note