Sunday, 29 March 2015
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…