Sunday, 30 August 2015
Last updated 1 day ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…