Traxis 'Fully Functional' Following Biggs Death

Jul 17 2012 | 11:32am ET

Traxis Partners will survive the death of its founder, the firm said.

"Traxis remains fully functional, looking after the portfolio of investors," managing partner Amer Bisat told Bloomberg News yesterday. "The leadership has been taken over by the three remaining partners."

Traxis founder Barton Biggs, the former chief global strategist at Morgan Stanley, died on Saturday at 79 of a complication from a bacterial infection. The hedge fund had informed clients five days before Biggs' death that he had been hospitalized with a "strong but treatable" infection and that doctors were optimistic about his recovery.

Greenwich, Conn.-based Traxis has five funds, only one of which was run by Biggs. Bloomberg reports that no decision has been made on Biggs' Global Equity Macro Fund's future. The fund offers quarterly redemptions with 30 days' notice.

"The legacy of Barton is that he built a very deep and successful platform that comprises many individuals with decades of experience in the industry and a distinguished record," Bisat said.

Biggs founded the $1.2 billion hedge fund in 2003 with two other Morgan Stanley alumni, Cyril Moulle-Berteaux and Madhav Dhar, neither of whom is still with Traxis. Bisat joined the firm in 2007 from Rubicon Fund Management. The firm's other two managing partners, Andy Skov and Krishen Sud, joined Traxis four years ago and last year, respectively. Skov is a Morgan Stanley alum like Biggs and Bisat a founder of Point Reyes Capital, while Sud is a co-founder of Galleon Group. Sud joined Traxis when he merged his post-Galleon effort, Sivik Global Healthcare Partners, into Traxis.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.