Traxis Enters UCITS Market With Global Macro Fund

Feb 1 2011 | 12:00pm ET

Traxis Partners has launched its first UCITS III-compliant hedge fund.

The New York-based firm, headed by former Morgan Stanley chief strategist Barton Biggs, unveiled the new product today on Deutsche Bank's UCITS hedge fund platform. The DB Platinum Traxis Global Equity Macro Fund will employ a strategy similar to Traxis' existing Global Equity Macro Fund.

Traxis has been mulling a UCITS-compliant hedge fund launch since the summer.

"We believe that global macro equity-oriented UCITS funds are one of the significant waves of the future," Biggs said in a statement. "I look forward to working with Deutsche Bank, one of the leading global banks, on this new venture."

The Traxis fund is the sixth fund on Deutsche Bank's DB Platinum UCITS platform, following offerings from Paulson & Co., Sloane Robinson and Toscafund Asset Management.

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