Thursday, 26 May 2016
Last updated 6 hours ago
Nov 24 2010 | 5:06am ET
Traxis Partners, the hedge fund led by former Morgan Stanley chief strategist Barton Biggs, is set to launch a UCITS III-compliant version of its flagship strategy.
Traxis will announce the new fund within weeks, Ucits Hedge reports. The new fund will be a part of Deutsche Bank's UCITS platform, Platinum, which also features UCITS funds from Paulson & Co. and Toscafund Asset Management.
New York-based Traxis has been mulling a UCITS fund since at least this summer. The regulation-friendly vehicles have raised more than US$100 billion.