Saturday, 10 October 2015
Last updated 10 hours 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.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…