Sunday, 21 September 2014
Last updated 1 day ago
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.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.