Thu, Sep 18, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge fund manager Barton Biggs dies at age 79

Tuesday, July 17, 2012

Florian Guldner, Opalesque Asia:

Ex-Morgan Stanley strategies and hedge fund manager Barton Biggs died on Saturday, according to various media reports.

The news was announced by Morgan Stanley CEO James Gorman in a memo to all staff. The Wall Street Journal quotes Mr. Gorman as saying: "Barton left an indelible mark on our business, our culture and our shared notion of leadership at Morgan Stanley … He was known as an independent thinker, colorful writer and one of the pioneers of emerging markets investing, and our firm benefited from his vision."

Mr. Biggs graduated from Yale University in 1955. Later he taught English at the Landon School, a prep school in Bethesda, Maryland, played semiprofessional soccer and tried his hand at short-story writing. He joined E.F. Hutton in 1961, with a starting salary of $7,200 a year.

He is also know for co-founding one of the world's first hedge funds, Fairfield Partners, in 1965. In 1973, he joined Morgan Stanley as a managing director and general partner. Two years later he founded the firm's investment management division. After retiring from Morgan Stanley in 2003, he launched Traxis Partners, a multi-billion dollar global macro hedge fund based in Greenwich, CT.

Mr. Biggs died at age 79. He had three children, Wende Biggs, Gretchen Biggs, and lived in Mas......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Investors looking at other sources for hedge fund-like returns[more]

    Komfie Manalo, Opalesque Asia: Investors who are always on the lookout for higher gains are looking at alternative sources of income, particularly exchange-traded fund industry that generates hedge fund-like returns, according to

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Opalesque Exclusive: Old Hill Partners launches specialty finance fund[more]

    Bailey McCann, Opalesque New York: Asset-backed lending is starting to heat up again after a prolonged credit squeeze. The Financial Times reports that a record £18.9bn was borrowed from asset-based lenders in the three months to the end of June. Much of this lending is driven by advanc