Traxis To Launch UCITS Hedge Fund

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.

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