17 Nov 2010
Legendary fund manager Barton Biggs is understood to be in the process of launching a UCITS version of his Traxis Partners multi-billion dollar hedge fund. According to sources within the UK hedge funds industry, Biggs will be in the UK shortly to drum up interest for the fund, which will be rolled out on the Deutsche platform.
Biggs worked for Morgan Stanley for more than 30 years, before leaving the bank to set up Traxis in Connecticut in 2003. The launch would mark the latest in a series of high profile debuts by large scale US hedge funds in the UCITS space.
“We’re seeing some very grown up macro players coming to the market,” said Christopher Wyllie, head of portfolio management at Iveagh, the Guinness family office.
Deutsche’s €13 billion Platinum platform has already attracted the interest of hedge fund legend John Paulson, who is planning to launch a UCITS fund next year.
Biggs worked for Morgan Stanley for more than 30 years, before leaving the bank to set up Traxis in Connecticut in 2003. The launch would mark the latest in a series of high profile debuts by large scale US hedge funds in the UCITS space.
“We’re seeing some very grown up macro players coming to the market,” said Christopher Wyllie, head of portfolio management at Iveagh, the Guinness family office.
Deutsche’s €13 billion Platinum platform has already attracted the interest of hedge fund legend John Paulson, who is planning to launch a UCITS fund next year.
